Two advisors debate the financial viability of serving as a fiduciary to small accounts amid DOL's new rules
Larry Steinberg expresses big doubts but Jeff McClure sees advisors wedging in like Ace Hardware amid Home Depot and Lowe's
Jeff McClure
Just for the record, despite the lead in, I am not the President of the Steinberg Financial Group. I am the President and Chief Investment Officer of The Personal Wealth Coach®, an SEC registered investment adviser with about $100 million under management, and a CFP® practitioner.
Brooke Southall
Ugh. Sorry about that, Jeff. I just corrected it.
Brooke
Jeff McClure
Ummm, Brooke, I am the President and CIO of an independent RIA and have absolutely no affiliation with any broker-dealer. I do have a contractual relationship with a couple of broker/dealers to hold accounts for my clients, but we are absolutely not a RIA “withing a broker-dealer.”
Related Moves
RIA Quick Takes: Orion deepens DFA embrace by using it as portfolio manager-inside-ETF ~ Hardship withdrawals surge at Vanguard and Fidelity ~ Schwab hires 400 ~ Fidelity flips six funds into ETFs ~ Kitces makes list before Christmas ~ Amit Dogra has $1 billion of good news from his new Portland gig
Americans are struggling, though jobs are plentiful; Larry Fink's ESG zeal costs BlackRock another client, just as the Vatican issues ESG guidance; UBS says we didn't like you anyway to mass affluent and Michael Kitces and Craig Iskowitz join forces.
December 3, 2022 at 3:16 AM
FPA keeps adding coaches to its pro-bono roster but quid pro quo makes the medicine go down as mom-and-pop consultants help mom-and-pop advisors
Charesse Hagan is the latest to join Financial Planning Association's 'Coaches Corner' which 'gives back' to the community, but coaches also can leverage volunteer work into paid gigs
August 2, 2019 at 12:48 AM
National Association of Personal Finance Advisors
Association
Top Executive: Geof Brown, CAE
Financial Planning Association
Association
Top Executive: Lauren S. Schadle, CAE, Executive Director and CEO
