 |
|
04-07-2016, 01:00 PM
|
#41
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
|
I thought the copy of this email I received from the CFP board was interesting. Perhaps the only voice from the industry (besides NAPFA, of course) saying it is a good idea.
CFP Board, along with our partners in the Financial Planning Coalition – Financial Planning Association and National Association of Personal Financial Advisors – have been supportive of the DOL's efforts to update this 40-year-old rule. The Coalition's support for the DOL rule is consistent with our longstanding support for fiduciary-level advice in financial services and our collective belief that financial advice should be delivered to the public with fiduciary accountability and transparency, always serving the client's best interests.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
04-07-2016, 02:25 PM
|
#42
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,361
|
More of the push to separate order fulfillment from the advice process. I think that is the solution, no broker, all orders placed over the web. Then if you want advice you can get it separately. If you think about it there is no reason for the two things to be combined except for the purpose of selling things. Now it does mean that lots of brokers would have to look for other employment, since order taking issues are a small part of the business.
Then you have the possibility of silicon based financial advisors where the variable cost of a new client is close to zero.
Now of course as most here know today one must be paranoid about FA's advice since it is really about how they buy their yachts.
|
|
|
|
|
04-07-2016, 03:57 PM
|
#43
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
|
Well, Sarah had to sell her yacht. I guess that proves she's an honest FP.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
|
|
|
|
|
04-07-2016, 06:46 PM
|
#44
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
|
 Quote:
Originally Posted by harley
Well, Sarah had to sell her yacht. I guess that proves she's an honest FP.
|
Damn it! You are right! But it was a 1976 Trawler, and I used the money to fund driving the bus around the world.
I'd make a terrible stock jockey. I just don't have the killer instinct. 
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
|
|
|
|
|
06-12-2016, 07:21 AM
|
#45
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,722
|
Evidently the fiduciary rule is facing lawsuits and is the subject of congressional legislation that received a presidential veto.
|
|
|
|
|
06-12-2016, 07:26 AM
|
#46
|
|
Thinks s/he gets paid by the post
Join Date: Dec 2012
Location: Georgia
Posts: 2,240
|
I am not even remotely surprised.
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
