June 9, 2017
Image credit: Harriet Goodhue Hosmer, “Clasped Hands of Robert Browning and Elizabeth Barrett Browning,” (1853), National Gallery of Art
Today, the U.S. Department of Labor’s rule on fiduciary duty goes into effect (at least for now), requiring anyone giving specific investment advice on retirement accounts to act in the best interest of his or her client.
Here’s a compendium of most of what I’ve written on fiduciary duty, along with some other resources.
Chapter Ten, “The Investor and His Advisers,” in The Intelligent Investor
Definitions of FIDUCIARY DUTY and FINANCIAL ADVISOR in The Devil’s Financial Dictionary
Tamar Frankel, “Fiduciary Law” (article)
Tamar Frankel, Fiduciary Law (book)
Arthur B. Laby, “Fiduciary Obligations of Broker-Dealers and Investment Advisers”
Robert E. Plaze, “Regulation of Investment Advisers”
John C. Bogle, “The Fiduciary Principle: ‘No Man Can Serve Two Masters’”
Comprehensive materials on the fiduciary rule, including text of the regulation and public comments, at the U.S. Department of Labor website
Securities Industry and Financial Markets Association: DOL Fiduciary Standard Resource Center (bias: against the rule)
Institute for the Fiduciary Standard (bias: in favor of the rule)
FredReish.com (blog on implementation of the fiduciary rule by a leading attorney)