The effect of the new standard will be dually registered brokers using their registered adviser hat as a safe harbor, says Kitces. (Photo: Shutterstock)
One of the fiduciary investment advice industry's most respected minds is interpreting the Security and Exchange Commission's proposed best interest standard as not applying to dually registered broker-dealers.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
