Readers will have to make their own judgment as to whether Bernie Madoff belongs on the list of the 35 most influential people in the financial planning/investment advisory profession, but Investment Advisor included him, along with a number of people who have never been part of the profession and whose direct influence would seem to be minimal. Never mind; the list is pure entertainment, and does serve to highlight people like Harold Evensky, Mark Tibergien, Angie Herbers, Sheryl Garrett and Deena Katz—and a few others.
Meanwhile, Bob Clark calls attention to an important report authored by Institute for the Fiduciary Standard CEO Knut Rostad, which shows that the SEC has been retreating from enforcing or even embracing the fiduciary concept, despite its mandate in the ’40 Act. And the heart of the magazine, as usual, is made up of the practice management insights of Mark Tibergien, Angie Herbers, Tom Giachetti and Dan Skiles. There’s always something to learn from them.
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If you aren’t feeling totally “with it” with your technology, you might take a peek at Joel Bruckenstein’s article, which paints a picture of where you could be with e-signatures and seamless paperless document processing. It is clearly a picture of the future, and it looks wonderful. But my guess is that you aren’t there yet.
This issue of Financial Advisor also profiles some young advisors to keep an eye on, and Mark Hurley talks about how many sellers of practices have nothing to sell, and many buyers of practices are being outflanked. In case you didn’t feel gloomy enough after the Bruckenstein article…
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