What the SEC’s “Advice Rule” Means For You

The SEC is proposing an “advice rule” now that a court has vacated the Department of Labor’s uniform fiduciary standard proposal. What does that mean for investors like you?

Looking Beyond The Fiduciary Stamp Of Approval

The much-anticipated event has finally arrived: the Department of Labor’s Fiduciary Standard Rule hit the financial industry on June 9. Cutter Family Finance readers already know that this rule imposes the fiduciary standard across the entire financial services industry when dealing with any type of retirement account. All of those financial professionals who were not […]

To Be Or Not To Be A Fiduciary?

If you are a loyal Cutter Family Finance reader, you have heard me harp about many things over our years together, but I think the most common topic I have covered over the last year or so has been the Department of Labor’s (DOL) landmark ruling, scheduled to become effective on April 10 this year. […]

Firms Attempt To Change As Someone Starts Watching

Every once in a while my wife, Jill, “trusts” me with the food shopping—under one condition. I bring my daughter Sophie. Which is fine with me, since I really do not like doing it. Sophie does. She can maneuver through a grocery store like no other kid.   Last Saturday, I “got the call” from […]

Seriously, What Is Your Best Interest?

Susan Roman and I have written a couple of articles that mention a recently promulgated rule from the Department of Labor. That rule imposes a fiduciary standard on all advisors who are getting paid to provide investment guidance on retirement accounts (401(k)s, IRAs, Roth IRAs, Simple IRAs, SEP IRAs, et cetera). For many folks this […]

‘Best’ Doesn’t Always Mean ‘Cheapest’

I talk a lot about retirement planning. To clients, to my class attendees, to you Cutter Family Finance readers, to Jill and my girls, even to my dog, Max, when I can’t sleep at night. After listening to my ramblings for years, everybody listed above can probably name over a dozen investment vehicles that pre-retirees […]

Requiring Your Own Standard Is Just Common Sense

I know I’ve written articles in the past about the pending fiduciary rules floating over the financial industry but these discussions are not going away.   A recent proposal from the Department of Labor would require all financial industry professionals to put the best interests of their clients ahead of their own, even if it […]

Fiduciary Standard Expansion Law

Last week I wrote about the difference between the fiduciary standard and the suitability standard. I explained that brokers and brokerage houses are only required to give advice that is “suitable” for investors whereas Registered Investment Advisors (RIA) and Investment Advisor Representatives (IAR) are required to act in an investor’s “best interest.”   If you […]

Financial Advice & The Questions To Ask

In my private practice, I teach my clients the questions they need to be asking themselves so they can make the right decisions for their financial future. Today, I want to spend some time with you explaining a very hot topic—the differences between different kinds of investors.   In the world of investing, there are […]

Investors Shouldn’t Settle For What Is ‘Suitable’

Susan and I recently taught a class on retirement at the Falmouth Recreation Center through the Falmouth Adult Education program. In this class we teach folks how to cement a solid retirement foundation so they don’t have their golden years crumble. One of the six areas we cover is investments. Unsolicited, one of the students […]