We hope most of you had the chance to recharge and enjoy time with family over the Thanksgiving break. It was a relatively slow week for any fiduciary-related news or blog posts, so instead of the typical intro to our fiduciary links, we'll say that we are thankful that over the past year we are finally seeing a more widespread commitment to fiduciary standards of care. It is unfortunate that it took a financial crisis and scandal to get on the agenda of the policy makers and it remains to be seen just how far regulatory reform goes in creating real protections for investors. But, with more skeptical and demanding investors and a growing base of dedicated professionals, the options for trusted advisory relationships continue to grow. We'd also like to say thank you to our own membership base of AIF and AIFA designees and Toolkit subscribers who continue to support us. Many of them have been dedicated to improving their own fiduciary processes and promoting a culture of fiduciary responsibility in the industry for as long as we've been around or longer.
Thanks again and on to the best of last week's fiduciary links...
In the news/commentary:
- Opinion: by the time DC advice rules are out, participants will have missed them when they needed them most
- Opinion: it's about time mutual fund fees were scutinized
- Fiduciary Q&A on regulatory reform
- CalPERS launches investigation into their own oversight of hedge fund investments
- Madoff and other Ponzi-scheme victims' lawsuits could mean trouble for fiduciary liability insurers
From the organizations/associations/government/academia:
- Fiduciary Benchmarks and Bdellium launch index to measure how well investors are preparing for retirement
- Planners in Australia also face harmonization to fiduciary standards
- Advice provision may be pulled from Fair Disclosure Act
- The House Financial Services Committee directly addresses a critic of regulatory reform
From the blogs:
- The difference between fee-only and fee-based
- A new blogger put himself on our radar when he commented on our blog last week. Thanks David Spaulding, a.k.a. "The Investment Performance Guy".
Have a link we missed? Leave them in the comments section or email us at blog@fi360.com. For more of the best links during the week, make sure you follow us on Twitter.
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