Understanding the Distinctions: Suitability vs. Fiduciary; Compliance vs. Fiduciary Culture
Ron Rhoades, Program Chair at Alfred State College Financial Planning Program. Moderated by Kathy Stewart of fi360
July 11, 2012
In a world potentially migrating to "new uniform fiduciary standards," what additional due diligence and other requirements will financial advisors face while moving from a rules-based regime to a fiduciary regime? Why is adopting a "fiduciary culture" so different from meeting compliance obligations? Professor Rhoades explores recent decisions, proposed rules and emerging trends.