A growing sentiment against restricting employee moves could affect non-solicitation, too.
While the CFP Board supports the proposal, the FPA has expressed concerns about the DOL rule potentially raising compliance costs for members, increasing the cost of advice and reducing access to advice for some.
‘If a firm values its human capital, then it will make an investment to make sure that their talent can flourish for the advancement of the bottom line,’ says Lazetta Rainey Braxton, co-CEO of 2050 Wealth Partners.
'I’d love to see the [full] SALT deduction come back but not if it means rates go up,' one advisor says.
Deborah Adeimy claimed firm blocked her from running in GOP primary, aide says 'we're unclear how award figure was calculated.'
It’s more likely the GOP will make a point about their frustrations with the SEC than actually get the bill through the Democratic-controlled Senate.
'Investors are forced into an arbitration process that’s unfair – a process that too often leaves retirees ripped off by unscrupulous RIAs and then priced out of justice by forced arbitration clauses inserted by folks who are fake fiduciaries,' PIABA president says.
'You get all these altruistic benefits and the financial benefits,' says CFP Board chair Matthew Boersen.
This idea may result in investors paying higher fees without requisite returns, argues state regulator.
FSI says regulator must start giving accused fair notice that behavior is out of compliance.
