By Dr. Jonathan Tiemann, February 11, 2017 On Friday, February 3, 2017, a group of business leaders convened at the White House with the President, members of his family, and his ever-watchful Vice President, presumably to lobby for policies conducive to the profitability of their businesses. The financial markets advanced, as though relieved that the President had chosen to take [...]
Today, I'm calling on the Department of Labor to update the rules and requirements that retirement advisors put the best interests of their clients above their own financial interests. It's a very simple principle: You want to give financial advice, you've got to put your client's interests first. – President Barack Obama, February 23, 2015 We are thrilled [...]
For many investors, mutual fund fees are among the largest hidden costs of investing. They can be confusing, too. Fund companies can charge investors a variety of fees, and according to this guidance from the U.S. Securities and Exchange Commission, some fund companies may not be characterizing their expenses correctly. This should be a little alarming to those investors who [...]
By Dr. Jonathan Tiemann In my childhood, my favorite cartoon was The Adventures of Rocky and Bullwinkle, a Cold War-era sendup of the popular cloak-and-dagger movies of the day. The heroes, Rocky the Flying Squirrel and Bullwinkle T. Moose, always managed, in their bumbling way, to thwart the arch-villains, Boris Badenov and Natasha Fatale. In one memorable adventure, Boris and [...]
October 8, 2013 — In what might cause the biggest uptick in quality of service for investors since the 1940's, a subcommittee of the Investor Advisory Committee to the SEC has just circulated a draft proposal recommending that the SEC proceed with a rule requiring brokers to PUT THE BEST INTERESTS OF THEIR CLIENTS BEFORE THEIR OWN when providing investment [...]
Entrepreneur Magazine recently ran an article reviewing and excerpting the book, "55 Surefire Home Based Businesses You Can Start for Under $5,000 by Entrepreneur Press & Cheryl Kimball (2009), which listed 55 businesses that people could jump into with little investment of time or money. It was not surprising to find that becoming a Financial Planner was listed at number [...]
Posted December 30, 2009 In 2009, the SEC adopted amendments to the custody and recordkeeping rules under the Investment Advisers Act of 1940 to provide additional safeguards when a registered adviser has custody of client funds or securities, providing greater guidance and stronger protections for investors. TIA was then (and still is) pleased with this improved rule change. The final [...]