July 19, 2017
- President, TD Ameritrade Trust Company
Managing Director of Advisor Advocacy & Industry Affairs
To say June 2017 was a busy time for the fiduciary standard would be an understatement. It was the busiest month I’ve seen on the financial advisor regulation front in many years.
Two federal agencies, one state regulator and two influential professional organizations all announced higher standards of conduct for financial advisors. That’s encouraging, in that these moves further raise awareness about the fiduciary standard of care for investors and show that the call for a client-first approach is only gathering force.
Let’s break it down.