 The regulation makes it “harder for an RIA to use this as part of the value proposition.”Peter Mallouk, president and chief investment officer, Creative Planning |
RIAs are losing their competitive advantage
Christine Idzelis | InvestmentNews, June 2016
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Summary: For years, RIAs have marketed themselves as being a cut above their counterparts in the brokerage industry. While they followed a fiduciary standard, requiring them to act in their clients' best interests at all times, brokers were merely required to make sure their advice was suitable to the financial circumstances of their clients.
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