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Should the Financial Planning Coalition support the DOL’s fiduciary proposal?

don3ethos   •   Blog, carousel-post, Leadership   •   July 03, 2015

The Financial Planning Coalition issued a statement on June 17 that it intends to support the Labor Department re-proposed fiduciary definition. If so, it will not be acting in the best interests of financial planners. Link to article

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7 signs clients look for in trusted advisers

don3ethos   •   Blog, carousel-post, Leadership   •   June 12, 2015

Survey after survey have revealed that the vast majority of investors do not know the difference between fiduciary and suitability standards — nor do they care. What they care about is whether or not they can trust their financial adviser. So important is trust, it has become the new currency of Wall Street. So what are the 7 signs clients want to see before you become their trusted adviser? Link to article

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Knowing the difference between 2 facets of the fiduciary standard

don3ethos   •   Blog, carousel-post, Leadership   •   May 12, 2015

President Barack Obama’s remarks on Feb. 23 about the Department of Labor’s re-proposed fiduciary standard are an excellent illustration of the two faces of a fiduciary standard. On the one hand, Mr. Obama singled out great advisers who are doing the right thing for their clients. He then changed his tenor and talked about advisers who are “selling snake oil.” Link to article

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7 signs an adviser measures up to a professional standard of care

don3ethos   •   Blog, carousel-post, Leadership   •   May 04, 2015

Thirty years ago, the fiduciary movement began to take root. No one held a press conference, it just happened. That’s the thing about movements: you really don’t have a sense that one has started until enough time has passed that you can look back and see what material changes have taken place. In hindsight, we can see that the pioneers of the fiduciary movement had two similar, overlapping objectives: (1) to define the details and best practices of a fiduciary’s prudent investment process; and (2) to define the details and best practices of a professional standard of care. Link to article

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The 2015 IA 35 for 35

don3ethos   •   Blog, carousel-post, Leadership   •   May 04, 2015

In the 35th anniversary year for Investment Advisor, and the 13th year we’ve been naming the IA 25, we thought it proper to publish a special list honoring 35 people who have been most influential in and around the business of independent financial advice. Link to article

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7 Signs You’ve Lost Your Nerve

don3ethos   •   Blog, carousel-post, Leadership   •   April 21, 2015

A requisite for leadership is courage — you can’t lead without it. Good character, competence, a sense of purpose and being passionate about what you believe is right are all critical, but they aren’t enough. Here are seven signs to help you determine whether you have lost your nerve. Link to article

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DOL Fiduciary Rule Fails by only Focusing on Fees and Expenses

don3ethos   •   Blog, carousel-post, Leadership   •   April 15, 2015

Fees and expenses matter, but in a procedurally prudent investment process, their management should account for less than 10% of a fiduciary’s total efforts. Link to article

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7 Signs You Don’t Have a Code of Ethics

don3ethos   •   Blog, carousel-post, Leadership   •   April 06, 2015

If you’re an RIA or IAR, you are required by the SEC (federal and most states) to have a code of ethics. If you are using the sample language provided by the SEC, then you don’t have a code of ethics — you have a code of conduct. A code of ethics is principles-based; a code of conduct is rules-based. Want to know an easy way to remember the difference? Congress has a code of conduct, not a code of ethics. A code of conduct, which is rules-based, is easier to work around than a code of ethics. So, what are the seven signs that you don’t have a code […]

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7 Signs Your Best-Laid Plans Are About to Go Bust

don3ethos   •   Blog, carousel-post, Leadership   •   March 30, 2015

Planning is a critical aspect of any undertaking, whether it be business, personal or financial. A process, either formal or not, is almost always essential. Key steps usually include Analyze, Strategize, Formalize, Implement and Monitor. With all that, what could possibly go wrong? So, what are the 7 signs your best-laid plans are about to go bust? Link to article

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Exclusive Interview: Don Trone

admin   •   carousel-post, Leadership   •   February 09, 2015

For a long time, I’ve been asked to feature Don Trone in one of our monthly exclusive interviews. Link to article

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