Both broker-dealer reps and RIAs believe the Department of Labors pending fiduciary rule will have a negative impact on their businesses, according to a survey by Fidelity Institutional.
Smaller broker-dealer firms face "humungous" costs for compliance already; the FSI says FINRA's proposed fee increases just add insult to injury.
DebugScreen: mobile
{
"author": {
"name": "James J Green",
"webUrl": "/author/profile/james-j-green/",
"description": "",
"imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g",
"estimate": 14,
"social": [],
"articles": [
{
"uri": "/2016/11/09/trump-wins-gop-retains-congress-u-s-markets-shudde/",
"title": "Trump wins, GOP retains Congress; U.S. markets shudder, recover",
"byline": " James J. Green ",
"kicker": "",
"prettyDate": "November 09, 2016",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Gold soars on upset win for Trump as Republicans retain majority in Senate and House.",
"body": null
},
{
"uri": "/2016/11/08/election-is-start-of-the-show-not-the-end-commonwe/",
"title": "Election is ‘Start of the show, not the end’: Commonwealth’s McMillan",
"byline": " James J. Green ",
"kicker": "",
"prettyDate": "November 08, 2016",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Three transitions will shape markets and economy post-Presidential election, says Commonwealth Financials market guru McMillan.",
"body": null
},
{
"uri": "/2016/03/18/rias-plan-to-drop-small-clients-under-dol-fiduciar/",
"title": "RIAs plan to drop small clients under DOL fiduciary rule: Fidelity",
"byline": " James J. Green ",
"kicker": "",
"prettyDate": "March 18, 2016",
"timeToRead": "4 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Both broker-dealer reps and RIAs believe the Department of Labors pending fiduciary rule will have a negative impact on their businesses, according to a survey by Fidelity Institutional.",
"body": null
},
{
"uri": "/2016/03/18/key-tax-planning-filing-dates-in-2016/",
"title": "Key tax planning, filing dates in 2016",
"byline": "James J. Green",
"kicker": "",
"prettyDate": "March 18, 2016",
"timeToRead": "6 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Important tax deadlines and dates for planning and filing returns in 2016.",
"body": null
},
{
"uri": "/2015/03/05/warren-buffetts-6-warnings-for-investors/",
"title": "Warren Buffett’s 6 warnings for investors",
"byline": "James J. Green",
"kicker": "",
"prettyDate": "March 05, 2015",
"timeToRead": "12 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Some of the gems from this year's letter to Berkshire Hathaway shareholders.",
"body": null
},
{
"uri": "/2014/10/10/iri-elects-lpls-moore-board-chairman/",
"title": "IRI elects LPL’s Moore board chairman",
"byline": "James J. Green",
"kicker": "",
"prettyDate": "October 10, 2014",
"timeToRead": "2 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "He says regulatory developments \"will demand that (the industry) remain united and committed to providing fact-based research and advocacy resources.",
"body": null
},
{
"uri": "/2013/07/05/sec-gets-an-earful-from-advisors-on-fiduciary-stan-412-39936/",
"title": "SEC gets an earful from advisors on fiduciary standard",
"byline": "James J. Green",
"kicker": "",
"prettyDate": "July 05, 2013",
"timeToRead": "9 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Comments to the SEC from individual advisors yes, most of them RIAs call for one standardized fiduciary duty for all.",
"body": null
},
{
"uri": "/2013/01/10/prudential-optimistic-for-2013-despite-washington/",
"title": "Prudential optimistic for 2013, despite Washington dysfunction",
"byline": "James J. Green",
"kicker": "",
"prettyDate": "January 10, 2013",
"timeToRead": "8 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Prudential Retirement says the outlook for the industry is very positive in 2013, though Americans' retirement preparedness still needs lots of work.",
"body": null
},
{
"uri": "/2012/11/15/schwab-well-go-over-cliff-but-lets-move-on/",
"title": "Schwab: We'll go over cliff, but let's move on",
"byline": "James J. Green",
"kicker": "",
"prettyDate": "November 15, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "At Schwab Impact conference, Chuck Schwab talks alternative investments, one benefit of Dodd-Frank and why hes willing to write a bigger tax check.",
"body": null
},
{
"uri": "/2012/07/23/fsi-urges-sec-not-to-let-finra-raise-bd-fees/",
"title": "FSI urges SEC not to let FINRA raise B/D fees",
"byline": " James J. Green ",
"kicker": "",
"prettyDate": "July 23, 2012",
"timeToRead": "3 minute",
"image": {
"uri": "",
"width": "",
"height": ""
},
"authors": [
{
"webUrl": "/author/profile/james-j-green/",
"name": "James J. Green"
}
],
"kickerNode": [],
"summary": "Smaller broker-dealer firms face "humungous" costs for compliance already; the FSI says FINRA's proposed fee increases just add insult to injury.",
"body": null
}
]
}
}
