Everyone has been speculating as to what the new fiduciary requirements will be, but there has been very little out there as to what RIAs and other financial services professionals can do to ensure they will be in compliance when the new regulations are finalized by the SEC.
I came across an excellent article in the May 23rd online edition of OnWallStreet written by Larry Barrett. Seems like Ron Rhoades, director of research and chief compliance officer at Hernando Fla-based Joseph Capital Management had some very definitive suggestions at the NAPFA National Conference in Salt Lake City last week.
Service to their clients while protecting themselves from litigation “how to’s” are worth taking a look at…