Company assesses adviser's needs and then generates a report comparing software and analyzing vendors.
James Crowley says the custodian is focusing on IT improvements and enhancing the client experience.
Some observers say the language waters down the fiduciary standard, while others say the word choice is inconsequential.
If brokers are not dually registered as advisers but use the term, they could run into trouble under new rule.
Firms must establish disclosure, mitigation procedures for each line of business.
Reactions range from 'a major win' to 'a catastrophe.'
The compliance deadline for Reg BI for brokers is June 30, 2020.
Senior reporter Mark Schoeff Jr. speaks with managing editor Christina Nelson about tensions at the SEC hearing, the final vote and the latest insights on the new regulatory package.
Statement and fact sheet clarify four measures in the just-approved financial advice standards.
Barbara Roper says the new regulations 'will mislead investors into expecting protections the rules do not deliver and deprive them of protections they currently receive.'
