Summary: Allowing investors to pursue class actions against advisors, broker-dealers and insurance companies under the Labor Department’s controversial fiduciary standard rule is almost certainly the loudest objection voiced by its foes in the industry. Consequently, that critical issue warrants close attention, Skip Schweiss, managing director of advisor advocacy and industry affairs at TD Ameritrade Institutional, tells ThinkAdvisor in an interview.
 I think it will be a trend, and Vanguard is proving that. It says, essentially: “We have this digital advice platform, but we also have certified financial planners that you can call for more specific guidance or more complicated challenges in your financial life.”So I think you’re going to see more of that."Skip Schweiss, managing director of advisor advocacy and industry affairs, TD Ameritrade Institutional |
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