Further Observations on Regulation Best Interest
Contributor Scott Simon argues that nothing has changed for the better as a result of Regulation Best Interest.
What I’ve described in this column over the years as the “Fiduciary Wars” continues unabated, with the latest battle being waged by the U.S. Securities and Exchange Commission when it issued Regulation Best Interest on June 5.
I’ve also pointed out more than once when discussing these wars that it is impossible to fit a square peg into a round hole. This irreconcilability refers to the nature of the two diametrically opposed business models--suitability-based and fiduciary-based--which prevail in the investment world of nonfiduciaries and fiduciaries, respectively.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.