Our exhaustive library of resources and guidelines designed to help professionals maintain a sterling reputation founded on trust, ethics, and best practices.
Have you moved a lot of your clients from commission-generating accounts to fee-bearing advisory arrangements, also known as wrap accounts? Are you expecting a major correction to hit the markets in the coming months or years? Then it’s time to protect yourself against a surge of so-called “reverse churning” errors and omissions lawsuits.
Would you sell clients a financial product without fully understanding their appetite for risk? If you did, you’d likely violate numerous regulations mandating that you know your customers and only provide suitable financial products based on a full understanding of their needs.
Just because regulators have abandoned the fiduciary rule for insurance agents and securities brokers who sell retirement products—and who now will continue to be regulated only from a suitability standpoint— doesn’t mean you shouldn’t become a fiduciary yourself.
In his now classic book, “The Trusted Advisor,” which he co-wrote with David Maister and Robert M. Galford, Green broke trust into its component parts and described how they fit into a trust equation. By understanding where trust comes from, Green said service providers could improve their own trust quotient.
Amidst this ugly picture, you might be wondering how it’s possible to run a financial-services business when the public is in such a distrusting mood? Actually, the astounding trust gap may actually be an opportunity in disguise for financial professionals . . . for you.
A Central Florida investment advisor perpetrated a Ponzi scheme that cost consumers $3.6 million. According to the Orange County Sheriff’s Office, Justin Troy Spearman, 29, convinced mutliple Florida residents to invest in a fraudulent Texas oil and gas scheme.
If you’re a registered investment advisor worried about providing the new required Form ADV data, relax. You just caught a break from the Securities and Exchange Commission.
It’s probably not hyperbole to say that the new U.S. Department of Labor fiduciary rule is completely changing the financial services sector.
The rule, which started implementation on June 9, is altering the way many annuity salespeople do business.
Unless your head has been in the sand, more than likely you are aware that the DOL fiduciary rule now requires all financial professionals to adhere to a fiduciary duty when servicing client's qualified retirement assets.
A New York insurance agent and his wife were indicted for trying to scam their deceased son’s life insurer. According to New York Attorney General Eric T. Schneiderman, the agent, Lawrence D. Rosenbaum, 65, and his wife, Thomasine Henderson, 65, both of Albany, New York, stole over $12,000 in life insurance cash values and tried to wrongfully obtain nearly $50,000 in life insurance benefits relating to the death of their son.