September 2021 NAPFA Advisor Magazine - Full Issue-September 2021 NAPFA Advisor Magazine

September 2021 NAPFA Advisor Magazine - Full Issue

Pdf Summary

The regulatory environment for financial advisors is challenging yet offers opportunities. The introduction of the fiduciary rule and Reg BI has created operational burdens but also increased demand for fee-only fiduciaries. NAPFA members face business and legal hurdles, but the Public Policy Committee addresses these issues. Advisors must manage conflicts of interest and navigate complex disclosure obligations. The SEC and DOL are working on resolving conflicts and strengthening the fiduciary duty rule. Despite challenges, staying informed and engaging with regulatory developments allows advisors to better serve consumers. Samantha Anderson, a senior wealth manager at Budros, Ruhlin & Roe, is dedicated to fee-only financial planning and supporting aspiring planners.

Keywords

regulatory environment

financial advisors

fiduciary rule

Reg BI

operational burdens

fee-only fiduciaries

NAPFA members

conflicts of interest

complex disclosure obligations

Samantha Anderson