Articles tagged "Ron Rhoades"
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Biz Briefs: Envestnet's sweet terms net $575 million after seeking $350 million ~ Ron Rhoades fights for right to write by tweet ~ InvestmentNews is packaged for sale ~ Chuck Schwab pays for red wave
Bill Crager is pulling out the stops and purse strings; Western Kentucky isn't all basketball; Charles 'Chuck' Schwab plunks more cash on GOP, and Sallie Krawcheck stumps for the Dems.
November 19, 2022 at 1:44 AM
Michael Kitces picks his moment to demand the SEC close two giant faux-RIA loopholes -- the hat-switching 'hybrid' advisor and the wirehouse 'financial advisor'
The XPYN founder wants the SEC to honor its 'Merrill Lynch Rule' promise from 15 years ago, demanding the most fundamental truth in advertising.
October 1, 2021 at 10:33 PM
The story of how Ron Rhoades sold his RIA to (and joined) a local $3.7-billion AUM firm to plan succession and to keep nearly a full professor's schedule
The ageless Kentucky-based advisor and fiduciary advocate is 63, plans to work to 77 and accepts his mortality but he doesn't want to choose between the teaching he loves and advising the clients he cherishes.
May 7, 2021 at 9:56 PM
Dodging ridicule and winning 'wary' support, the College For Financial Planning will accredit advisors who learn to convince investors to take their advice seriously
After Covid-19 chased investors out of the market at the exact wrong time, the Kaplan-owned company made its move to advance managing emotions as a sanctioned skill in financial planning -- despite too many letters in the alphabet soup already
November 25, 2020 at 1:40 AM
Ron Rhoades tells Ira Hammerman that his response on SIFMA's behalf failed to address the 'undeniable' -- the threat of boycotts
The Kentucky professor schools the Washington lobbyist on the looming threat of broker-dealers forcing reps to sacrifice their CFP designations -- and questions Hammerman's math on 'one million employees' he claims to speak on 'behalf' of
June 20, 2019 at 6:37 PM
Broker-dealers' new power tactic -- threatening to quit states altogether -- to thwart local fiduciary rules for advisors sure looks like blatant misuse of power
SIFMA, FSI and Morgan Stanley made overt threats to Nevada and New Jersey and CFP Board that have more than a whiff of conspiracy to restrain trade
June 18, 2019 at 10:58 PM
Will the S.E.C. aid and abet fraud in 2019? A fictionalized grilling of Jay Clayton under truth ether reveals the perils
With brokers the special interest, the simple principle of putting client interests first, gets mangled in the wording. But two can play that game so Ron Rhoades fights back with his pen
December 27, 2018 at 8:40 PM
Michael Kitces attacks CFP Board for jacking fees 17% in name of 'strategy' when the certificant is flush with $20 million in reserves
The Board defends murky financials and a 'buried' hike as overdue -- even when it's operating at a $1.3 million surplus
September 18, 2017 at 7:23 PM
In letter to RIABiz, Ron Rhoades reacts to the ardent DOL rule detractor commandeering the White House microphone
Citing the new voice of the White House as 'contrary' in his comments regarding the Labor Department's efforts to shift Wall Street's culture and ways, the fiduciary scholar beseeches Scramucci to think it over
July 22, 2017 at 12:02 AM
Who's afraid of Virginia Foxx and friends? Maybe pro-DOL forces should be but no panic yet
With nine days and counting until President Trump, Conservatives deploy fresh troops in Washington with guns trained on the DOL rule
January 12, 2017 at 12:49 AM
Mum on DOL rule, Labor chief appointee Andy Puzder's 'check-the-box' 401(k) plan at CKE Restaurants speaks volumes
The expensive Mercer-advised pension plan has low participation rates, low balances, no matches and few assets overall
December 13, 2016 at 8:50 PM
MarketCounsel Summit 2016 -- the theme is when the boss calls, you go
The Fontainebleau glitters, but not with newly minted Trumpsters, as Summit chief Brian Hamburger got more than he bargained for with the conference's theme of 'change'
December 9, 2016 at 4:41 PM
At MarketCounsel, a Ron Rhoades-Skip Schweiss exchange reveals new DOL-rule threat -- a Trump-led compromise creating a mutant strain of the reg that benefits no one
The problem, Rhoades says, is that a pseudo-fiduciary standard asks consumers to assume the burden of knowing what's best for them when it comes to investing, which brings the problem full circle
December 7, 2016 at 8:33 PM
The DOL rule is DOA -- and that's just the beginning, says RIA champion Brian Hamburger, law school chum of odds-on chief of staff Reince Priebus
Another Trump advisor, hedge fund biggie Anthony Scaramucci, says the DOL rule is a goner along with other post-'08 consumer firewalls -- but fiduciary advocates see one last bulwark: BICE
November 11, 2016 at 5:29 PM
The short scoop on Wall Street's claim that the DOL rule is too long
The core of the Labor Dept's rule is 237 words; blame the prolix portion on exemptions accorded to complainers' interests
