Summary: More than two-thirds of financial advisors, 67%, say recent moves by regulators are having “minimal to no impact” on their risk assessment processes, according to a survey. Plus, 68% say Department of Labor and Securities and Exchange Commission actions have had “minimal to no impact on their client interactions regarding risk assessment.”
 There may be some misunderstanding of what is really required to meet the fiduciary standard, which involves establishing a process [for evaluating] for the riskiness and suitability of investments for clients and risk profiles for clients.”Philip Wilson, CEO and founder, AdvisoryWorld . |
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