To protect clients, Advocis supports a new professional accreditation for financial advisors. Failure to do so will leave regulatory gaps.
Transparency issues are being addressed by CRM2
A recent report finds most people prefer the commission model
Only regulating the title “financial planner” still leaves consumers at risk
Where are the safeguards to ensure fee-based advisors aren’t collecting a fee for doing nothing?
Gross is not saying that advice shouldn't be paid for; he is only saying that the investment advice that investors receive should be unbiased of…
Greg Pollock’s rebuttal to Neil Gross is bang-on. It gives hope to many hard-working advisors preparing to leave the industry
Both Pollock and Archibald gloss over the pre-eminent concern in this discussion: that embedded compensation unequivocally causes bias
Financial advisors should have a regulatory structure similar to those of lawyers, accountants, dentists and other professionals
There needs to be a national organization that governs financial planning with ethics and educational standards
OLHI finds that non-binding recommendations are effective
Serving investors is a great responsibility
Seniors are disproportionately exploited by advisors