Fiduciary Duty Standards

Institutional Investors Uniting Against Emissions

By |2019-03-06T23:55:19-08:00March 6th, 2019|Carbon Emissions, Climate Change, Corporate Actions, Cost of Carbon Emissions, Energy, Fiduciary Duty Standards, Institutional Investors, Investment in the future, Shareholder Rights|

Just Twenty Companies Responsible for Half of Power Sector’s Carbon Emissions in the US According to a press release posted by New York City Comptroller Scott M. Stringer, a coalition of some of the largest institutional investors, representing $1.8 trillion in assets, sent a joint letter setting a deadline for 20 of the nation's largest utilities to achieve net-zero carbon. [...]

The Adams Express Company – A Gold Rush Banking story

By |2019-03-06T22:03:04-08:00February 28th, 2019|Banking, Business News, California History, Fiduciary Duty Standards, Financial Health, TIA|

A history of how a shipping company becomes a bank Dr. Tiemann was the invited speaker at the Rotary Club of San Mateo on February. His talk was entitled “Banking in Gold Rush California — The Adams Express Company.” In this talk, Dr. Tiemann explores the story of the Adams Express Company — the largest express company and second-largest bank [...]

Brokers still trying to duck fiduciary duty

By |2018-12-20T20:25:05-08:00February 11th, 2017|Brokers, Fee Transparency, Fiduciary Duty Standards, Financial Institutions, Investment Advisor Rules, Money Management, TIA|

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 [...]

Finally, DOL requires Advisors to put client interests first

By |2018-12-20T20:30:17-08:00February 29th, 2016|Brokers, Business News, Fiduciary Duty Standards, Financial Health, Investment Advisor Rules, Money Management, Securities & Exchange Commission, TIA|

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 [...]

Fiduciary Blurt

By |2018-12-20T20:37:17-08:00March 11th, 2015|Brokers, Fiduciary Duty Standards, Financial Institutions, Investment Advisor Rules, Securities & Exchange Commission, TIA|

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 [...]

An end to “male, pale and stale?”

By |2018-12-20T20:38:31-08:00January 29th, 2015|Business News, Carbon Emissions, Climate Change, Corporate Actions, Energy, Environmental Reporting, Fiduciary Duty Standards, Financial Health, Financial Institutions, Fossil Fuel Free investing, Future Generations, Shareholder Rights|

Despite the well-pronouced and increasingly strident warnings from scientists about the deleterious effects of burning fossil fuels on the environment, there is a surprising amount of "business as usual" going on in corporate America. This makes the news about the way Anne Stausboll, the chief executive of Calpers, addresses climate change all the more impressive. According to an article in [...]

SEC Fiduciary Panel Seeks to Raise the Investment Advice Standards for Brokers

By |2018-12-20T21:55:15-08:00October 8th, 2013|Brokers, Business News, Fiduciary Duty Standards, Investment Advisor Rules, Securities & Exchange Commission|

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 [...]

Why emphasize “discerning?”

By |2018-12-20T21:56:47-08:00March 13th, 2010|Brokers, Fiduciary Duty Standards, Financial Health, Financial Institutions, TIA, True expertise|

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 [...]

SEC Adopts Custody Rule Changes For Investment Advisors

By |2018-12-20T21:57:52-08:00December 30th, 2009|Brokers, Fiduciary Duty Standards, Financial Health, Financial Institutions, Investment Advisor Rules, Securities & Exchange Commission, TIA|

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 [...]