How to Fix Our Failed Approach to Fiduciary Lobbying
Instead of focusing on the advantages fiduciary standards would provide to the profession, lobbyists who represent advisors should point to the catastrophic failures of the perverse incentives embedded in the brokerage business model.
Wall Street-Backed Crypto Exchange EDX Markets Is Set for November Debut
US trading titans and brokerage firms are building a crypto exchange that brings investing in digital assets further into the domain of traditional finance, by mimicking the structure of how other asset classes trade.
The Next Challenge Facing the Advisory Profession
Advisors won the last war – true professionals achieved victory by adopting fiduciary principles and providing comprehensive planning. But a new battlefront has emerged – what I call the “next argument” – and achieving victory will slow and painful.
The Future of Financial Planning Advice, Part 2
I explain how attempts to view advisor compensation through a moral lens instead of an economics lens lead to false conclusions about the relative merits of each pricing model and hence to misguided predictions for the future of planner compensation.
The New Compliance Challenges Facing Advisors
Restrictive compliance and new, rapid-fire regulatory rules pose a challenge for independent advisors who often do not have the bandwidth to respond in a timely manner. Corporate RIAs must differentiate themselves on how they can help advisors navigate this often-confusing reality. My guests today lead one of the fastest growing independent broker-dealer/RIA hybrid platforms, CoastalOne, with over 150 financial professionals nationwide. CEO and president, Charles Reiling, and chief compliance officer, Barrett Schultz will discuss new compliance realities and challenges advisors are facing, as well as the importance of fintech solutions in the modern advisor’s practice.
Coinbase’s ‘End of Story’ Is Just the Beginning for Crypto Regulation
A few days ago, Coinbase Global Inc.’s top lawyer issued an unequivocal rejection of the US Securities and Exchange Commission’s allegations that digital tokens it offers its customers were, in fact, unregistered securities. “Coinbase does not list securities,” Paul Grewal wrote in a blog post. “End of story.”