Archive for July, 2017

Compliance Pitfalls of Nonprofit Boards, @danbernstein talks with @BIConline.

Tuesday, July 11th, 2017

Advisers who seek to give back to their community — while also attracting new clients — often consider serving on the boards of charities or nonprofits. However, just because the cause may be a worthy one doesn’t mean that there aren’t conflicts of interest or other pitfalls along the way. Dan Bernstein, chief regulatory counsel at MarketCounsel, says, “Sometimes people think, ‘Hey, it’s for a charity; I’m not making money off this.’ But it still rises to the level of having conflicts and supervision.” MarketCounsel is an Englewood, N.J.-based firm that offers business and regulatory consulting services to investment advisers.

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DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

Monday, July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

Monday, July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

Monday, July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

Monday, July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.

DOL Rule Raises Specter of Negligence Claims, @BarronsOnline features @HDelux.

Monday, July 10th, 2017

The DOL’s fiduciary rule opens up advisors to the possibility of more negligence claims. “There’s no magic formula to avoid litigation, but to better protect themselves, advisors should seek to follow the rule’s mandate by acting in their clients’ best interests at all times”, said Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for investment advisors. He adds advisors need to ensure that clients are engaged in the investment planning process and have a good grasp of the financial products being recommended, and why these products are an appropriate choice. Taking these protective steps will better position advisors against the heightened threat of negligence claims.

Read more.