August 15, 2017Is the DOL Rule Delay Good or Bad?
All things considered, do you view the latest Department of Labor fiduciary rule delay as good or bad for your practice? If you'd like, tell us why in the comment section below.
The delay is good.27% The delay is bad.
August 8, 2017Will the Latest DOL Rule Comments Help or Hinder?
Do you think the latest round of public comments on the Department of Labor's new fiduciary rule stand to help or hinder its progress toward full implementation? Tell us why or why not in the comment section.
Help its progress toward full implementation.53% Hinder its progress toward full implementation.37% Won't change the outcome in the slightest.
August 1, 2017How Will The Mooch's Ousting Affect Financial Regulation?
Anthony Scaramucci was Donald Trump's White House communications director for a mere 10 days. The "Mooch" was a famous critic of the DOL's fiduciary rule and likely would not have been shy about telling the president his views on financial regulation. With Mooch apparently now out of the administration, how will this affect financial regulation policy generally, and the DOL rule in particular? Tell us your reasoning in the comments section.
More Pro-Regs: The White House will be more pro-financial regulation and the DOL rule.5% More Anti-Regs: The White House will be more anti-financial regulation and the DOL rule.90% No change: The Mooch was never going to have much say in Trump's financial regulation stance anyway.
July 25, 2017Does New Snafu Spell Trouble for Wells Fargo?
Wells Fargo is in trouble again. This time over an apparently mistaken data dump that supposedly identifies tens of thousands of wealthy retail brokerage clients by name, Social Security number and holdings. Will the Wells Fargo brand recover? Tell us why or why not in the comment section below.
You bet, Wells Fargo's branding's goose is cooked.41% Of course not! Time heals all wounds.
July 11, 2017Is the DOL Backing Down on its Fiduciary Rule?
Last week, in the 5th Circuit Court of Appeals, the DOL filed papers effectively dropping its defense of the fiduciary rule’s class-action lawsuit provision. While the department insists it will defend the rule against an onslaught of legal attacks, is this nonetheless a sign the DOL's support for the rule is diminishing?
June 27, 2017How Are You Handling the Fourth of July Weekend?
Since Independence Day is a Tuesday this year, many families are taking the Monday off to make a four-day weekend. What are your patriotic plans?
I’ll be in the office, of course!36% I’m working from home (monitoring emails/taking calls from clients).42% Four-day weekend, here I come!
June 20, 2017Are You a Tech Innovator?
A new study suggests firms that keep ahead of tech innovations are more likely to enjoy faster growth. Do you consider yourself:
A tech afficionado who makes sure your firm implements innovative technology60% Less proactive in technology adoption, preferring tried-and-true systems
June 13, 2017Are Clients Now Asking About the Fiduciary Rule?
After a bumpy ride — and more sure to come — the Department of Labor's fiduciary rule finally rolled out for partial implementation last Friday. But do clients know or care about the definition of a fiduciary, new disclosure rules or best interest contract exemption forms? Have you had any queries from your clients about any of these things? Give us specifics in the comments section.
June 6, 2017What Do Calls for a Joint SEC-DOL Fiduciary Standard Really Mean?
Acting at the behest of the Department of Labor, the SEC last week asked for public input on its role in establishing an industry-wide fiduciary standard. What do you think that's about?
It's a way to achieve broader consensus for protecting consumers, beyond just retirement accounts.36% It's a clever way to kill the DOL rule because the SEC is -- as history has shown -- incapable of reaching consensus on this matter.
May 30, 2017Why are Big Firms Hitting the Brakes on the Bonus Train?
With one exception, the wirehouses seem to have cut back on using bonuses to lure highly productive brokerage teams. What, mainly, does this tell you about the big-BD space?
Firms have reached headcount capacity in terms of overall operations.15% They’re relying on “robo” automation to help them field fewer FAs over time.79% They see the economics of “forgiving” loans doesn’t make sense in the long run.