Running the Compliance Gauntlet
As someone who’s worked for years as an advisor to hybrid representatives (those who are both Finra and investment advisor registered) I’ve seen a lot of confusion on operating as a fiduciary. I ran across an interesting blog by a law firm located in Atlanta titled “The Prudent Investment Advisor Rules” that offers some interesting insights in how an investment advisor can increase the value of their advice, while at the same time protect their practices against unnecessary liability.
I think the criteria mentioned in this entry make for a good starting point.
Registered reps and Fiduciary Capacity
Interesting post from advisors4advisors written by Linda Grey on acting as a fiduciary.
“Not only do naturally creative people cheat more than uncreative people, subjects cajoled into thinking outside of the box become cheaters, too. This suggests that the creative process isn’t just tied to dishonest behavior; it actually enables it—troubling news at a time when the corporate world treats innovation as an unimpeachable moral good.”
A series of studies at Duke and Harvard find that creativity and cheating go hand-in-hand. (via fastcompany)
