FSI expects a more business friendly environment in 2017

February 2, 2017

FSI expects a more business friendly environment in 2017

Lobbying group for independent broker-dealers lays out its annual agenda

Jan 31, 2017 @ 1:57 pm | Dale Brown | InvestmentNews.com

The political world is still responding to the monumental and unexpected change we saw at the end of 2016, as the Republican party — led by now-President Donald J. Trump — took control of the White House and both houses of Congress. Our early communications with the transition team and, now, the new administration indicate that they and their allies in Congress are likely to be much more responsive to the voice and concerns of independent financial firms and advisers in the years ahead.

Given the substantial questions that still surround the Department of Labor’s fiduciary rule and other regulatory and legislative measures that stand to impact our industry — from state-run retirement plans for private sector workers to ongoing challenges to the independent contractor business model — many advisers and other industry members are greeting this change in our nation’s leadership with a sigh of relief.

In many ways, it seems we may have narrowly averted a wave of burdensome new regulations that could have permanently undermined advisers’ ability to serve their clients, and crippled their effectiveness in helping investors achieve their financial dreams.

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Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”