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Wealth Professional | 15 Jan 2015, 10:02 AM Agree 0
Financial advisors generally don’t agree on much but when it comes to the subject of paperwork, they definitely see eye-to-eye.
  • Brad jardine | 15 Jan 2015, 12:49 PM Agree 0
    Amen, regulators win, new "busy work" employees win...but clients, advisors... we lose again
  • Barb White | 15 Jan 2015, 12:53 PM Agree 0
    I'd be interested in knowing whether your readers think the increased paperwork is due to (click as many as apply):
    1. the increasingly litigious legal system as much of this extra paper is because of legal liability from clients and their lawyers
    2. fear of the examiner
    3. the desire to confuse the client?

    Personally, I'd check 1 and 2.
  • Indy Mac | 15 Jan 2015, 01:50 PM Agree 0
    Barb, I would check;

    4. All of the above.
    5. Create so much bureaucracy that only firms the size of JP Morgan (aka the big FIs,) can survive.
    Say goodbye to the Independent firms and hello to proprietary products being the name of the game.

    Best wishes to the Client and impartiality when that happens...
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