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Placing Client Interest before Self-Interest
Staff Writers
We are taking an informal poll, and are asking two key questions of financial intermediary modernity.
#1. As a financial advisor, regardless of designation, do you require a brokerage arbitration agreement; or not? Why or why not?
#2. Does this document place client interest first – as in a true fiduciary relationship – at all times? Please explain your rationale.
#3. Regardless of your philosophy – pro or con – regarding the use of arbitration agreements, do you give clients the option of selecting a fiduciary relationship; or not? Is it in writing?
Conclusion
And so, your thoughts and comments on this Medical Executive-Post are appreciated. Please respond; clients, doctors, laymen and FAs; etc. Is this query the ultimate “F” bomb?
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com or Bio: www.stpub.com/pubs/authors/MARCINKO.htm
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Filed under: "Advisors Only", Career Development, Ethics, Investing, Point-Counter Point, Research & Development, Voting Polls | Tagged: arbitration agreements, CFP, CMP, CPA, FA, fiduciary, IA, stock broker |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
About the CMP™ Designation,
The Certified Medical Planner™ designation confirms fiduciary responsibility on all its charter-holders; at all times. There are no opt-out provisions. Our goal is to raise the bar on fiduciary accountability for all financial advisors serving the healthcare space.
In other words, we embrace the “F” bomb.
As a physician-client, why would you want it any other way?
Ann Miller; RN, MHA
http://www.CertifiedMedicalPlanner.com
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The UBS Settlement,
This is not an “F” bomb, but:
Did you know that an Alabama court just approved a settlement under which HealthSouth Corp. will receive a $100 million payout from UBS; settling allegations that the investment bank helped former HealthSouth executives fraudulently boost the rehab provider’s bottom line?
The $100 million includes $25 million in attorneys’ fees and about $1.2 million in expenses.
-Jack
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Four Pronged CMP™ Requirements
Becoming a Certified Medical Planner™ is really a clear-cut proposition:
1. On-line program completion
2. Fiduciary and ethical accountability
3. College undergraduate degree
4. Annual peer-reviewed CEU publications
So, look-out for the Aikin “F” interview.
Ann
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Hi Ann, and everyone
The SEC is not looking out for me or you!
According to news reports, one Mr. Raymond Spungin 77, of Staten Island NY checked with the SEC before investing with Bernie Madoff in the early 1990s. Later, he reportedly rued that he was the victim not only of Madoff, but also of SEC incompetence.
So much … for the watchdogs!
Thanks.
John
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Hello,
Did you know that the SEC is proposing new rules aimed at stopping “pay to play” practices by investment advisors who seek to manage money for government pension and 529 plans?
http://www.fa-mag.com/fa-news/4331-sec-proposes-more-rules-for-advisors.html
Can you say fiduciary accountability?
Gerard
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Insurance Costs for Fiduciaries?
Will a broader application of the fiduciary standard be accompanied by higher insurance costs? Some broker/dealers are bracing for the possibility.
http://registeredrep.com/news/broader_fiduciary_standard_could_kick_up_bd_insurance_0709/?cid=nl_wm
Trey
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On RIAs
For the purpose of providing “new and prospective advisory clients with clearly written, meaningful, current disclosure of the business practices, conflicts of interest and background of the investment advisor and its advisory personnel,” the SEC has just amended Part 2 of its Form ADV, which investment professionals [RIAs] must use to register as investment advisors and update every year.
James
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