Sweeping Changes for Retail Financial Intermediaries

Featuring: Sean Cunniff, Research Director, Brokerage & Wealth Management

Moderator: Ralph Silva, Research Director, European Banking & Payments

Investment advisors are the cornerstone of the financial services industry. Their fiduciary responsibilities have always been heavily regulated, but their credibility has been put into question by this economic downturn. Realizing the importance of sound and neutral advice, President Obama is proposing new regulations to strengthen fiduciary standards. Research Director Sean Cunniff of TowerGroup has been following the proposals closely and has just published a report titled “Fiduciary Is Not a Four-Letter Word, But It Sure Changes Things.” His focus is on the extension of fiduciary oversight to intermediaries.