Author Archives: securities
Is Your Financial Advisor a Fiduciary or an Order Taker?
As a general rule, financial advisors fall into two categories: (1) brokers, who are registered under the Securities Act of 1934, and (2) investment advisors, who are registered under the Investment Advisors Act of 1940 (“IAA”). Investment advisors are subject to higher standards of regulation and licensing than brokers, and accordingly, investment advisors owe… Read More »
Diminished Financial Capacity: How to Plan for It and Help Others Who May Have It
The SEC’s Office of Investor Education and Advocacy and the Consumer Financial Protection Bureau recently issued the Investor Bulletin and Advisory: Planning for Diminished Capacity and Illness to address a growing concern for the country’s estimated 44 million adults over the age of 65. Financial Capacity – what is it? Financial capacity is an… Read More »