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Wealth Professional | 27 Jul 2015, 09:15 AM Agree 0
If the latest projections on what it will cost to implement a fiduciary standard are accurate, the industry may need to dig deep.
  • Barb Amsden | 27 Jul 2015, 10:23 AM Agree 0
    And what is the cost of people of lesser means no longer being served. I'll have to read more about these estimates. Minimum wealth thresholds have been rising unless a person is related to someone who is sufficiently wealthy, amplifying divisions between the have-a-lots and the have-lesses. Financial advice is not just stock-picking.
  • Debbie | 27 Jul 2015, 12:56 PM Agree 0
    This new report is industry bought and another attempt to derail movement forward. Just like Advocis with it's Century Initiative these lobbyists groups have deep pockets to protect their own interests.
    file:///C:/Users/debbie/Desktop/Deloitte%20Report%20-%20Proposed%20DOL%20Retirement%20Regulation%20(07-2015).pdf
  • Ken K | 27 Jul 2015, 04:21 PM Agree 0
    Someone should estimate the cost to consumers of NOT implenting the fiduciary standard.
  • Debbie | 27 Jul 2015, 05:06 PM Agree 0
    http://www.sifma.org/issues/item.aspx?id=8589955444
    this link will bring you to an article with a direct link on the right to the report
  • Debbie | 27 Jul 2015, 05:12 PM Agree 0
    Ken nailed it!
  • Russ | 27 Jul 2015, 06:16 PM Agree 0
    Anyone who is truly a "wealth professional" will welcome a fiduciary standard, the same standard that professionals in all other industries adhere to.
  • Debbie | 30 Jul 2015, 03:35 PM Agree 0
    I agree with Russ 100%!
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