“Investors have been very apathetic [about] the distinction between advisors and brokers and so long as that’s the case…” @HDelux @finplan

Fee-only advisors often struggle to impress upon investors the fundamental differences between their fiduciary business model and that of, say, a commission-drive brokerage shop operating under the suitability standard.  “Investors have historically been very apathetic about really entrenching themselves with regards to the distinction between advisors and brokers, and so long as that’s the case, it’s going to be tough to imagine the SEC immediately changing tack given the issues that are backlogged on its docket today,” says Brian Hamburger, president and CEO of MarketCounsel, a business and regulatory consulting firm for entrepreneurial investment advisors.

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