What does the SEC’s passing of “Regulation Best Interest” have to do with you?

Written by: Jeff Thomas

Here’s what SEC Commissioner Robert Jackson, Jr., said about the Regulations’ passing:

“My hope was that the rules we announced today would significantly raise the standard for investment advice in this country,” Jackson said during the open meeting Wednesday. “I hoped to join my colleagues in announcing that the nation's investor protection agency has left no doubt that, in America, investors come first. Sadly, I cannot say that. Rather than requiring Wall Street to put investors first, today's rules retain a muddled standard that exposes millions of Americans to the costs of conflicted advice. Even worse, contrary to what Americans have heard for a generation, the Commission today concludes that investment advisers are not true fiduciaries.” [1]

Wow!  That is strong language!

We at Archetype Wealth Partners are not waiting for the government to get the regulations right. 

We believe every investor deserves a financial advisor who represents them 100% of the time RIGHT NOW. 

That is why we left the big Wall Street banks to start a company without the same conflicts of interest.

While the government negotiates with the Wall Street lobbyists on what disclosures they may or may not have to make, we are happy to keep serving clients the way we would want to be served.

 

Click here to schedule an appointment to BE HEARD and UNDERSTOOD.

 

Source
[1] https://www.wealthmanagement.com/regulation-compliance/sec-approves-regulation-best-interest?NL=WM-27&Issue=WM-27_20190608_WM-27_8&sfvc4enews=42&cl=article_1_b&utm_rid=CPG09000011594879&utm_campaign=20867&utm_medium=email&elq2=03846b11ff0d41ba8b752a0777172ff6

 

Jeff Thomas is the Founder/CEO of Archetype Wealth Partners. He has assembled an amazing team to provide an open architecture, fee-only (fiduciary) platform that offers a wide variety of investment choice to clients. Archetype exists to help families thrive across generations.

 

Disclaimer: Our intent in providing this material is purely for informational purposes, as of the date hereof, and may be subject to change without notice. This article does not intend to constitute accounting, legal, tax, or other professional advice. Visitors and readers should not act upon the content or information found here without first seeking appropriate advice from a trusted accountant, financial planner, lawyer or other professional.

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