Study: Fiduciary duty won't create higher compliance costs

08/5/2013 | Financial Advisor online

A recent study from the Financial Planning Coalition cites lower compliance costs for broker-dealers who also are registered investment advisers and operating under a fiduciary duty. Possible reasons for the lower costs, officials involved with the study say, are that dually registered broker-dealers tend to be part of large firms that help with compliance issues and dually registered advisers tend to focus more on the Securities and Exchange Commission standards than Financial Industry Regulatory Authority guidelines.

View Full Article in:

Financial Advisor online

Published in Brief: