Fiduciaries have two main duties while managing money: Duty of care. Under this, fiduciaries are required to make informed business decisions by reviewing all of the available information about ...
What to Know About Financial Advisor Fees and Costs
These advisors are not fiduciaries like fee-only advisors; they’re salespeople for investment and insurance brokerages. They do not have to recommend the best products for their client’s ...
The Types of Fiduciary Financial Advisors
This hybrid approach is common among broker-dealers who are not fiduciaries. If a fiduciary does ... have not been previously reviewed, approved or endorsed by any other entities, such as banks ...
Is Private Banking Right for You?
private banking clients also often have access to portfolio management, tax planning services, estate planning, trust administration and more. This comprehensive, individualized service does come ...
Meeting the challenges of complex civil fraud in 2022
or where it should have appreciated the risk, and asked questions of the perpetrator, rather than blindly proceeding to follow the instructions given to it. Claims advanced against third parties such ...
Does the SEC Have Your Back?
Senate hearings investigated the causes, but they seemed to get nowhere until a former New York City district attorney named Ferdinand Pecora exposed a range of abusive practices by banks and ...
Why We Don’t Rebalance
“Honey, I lost an additional $50,000 because I rebalanced and bought more Bank ... environment does not tolerate short-term negative outcomes even when they result from a sensible investment with high ...
DeFi 'Casino' May Need New Global Regulator, German Central Banker Says
referring to the international organization that sets capital rules for conventional lenders like Deutsche Bank and JPMorgan Chase. “Digitalization knows no borders,” he said. “That is why we have to ...
The Boom in Private Markets Has Transformed Finance. Here’s How
Public markets are still far bigger but have grown more slowly ... of cash has meant many firms are now chasing larger deals that traditionally went to banks. SoftBank Group Corp., the venture ...
Indians' funds in Swiss banks jump to 14-year high of over Rs 30,500 crore
These are official figures reported by banks to the SNB and do not indicate the quantum of the much-debated alleged black money held by Indians in Switzerland. These figures also do not include the ...