Financial Reform: I Wonder

Moisand, Dan
January 2011
Journal of Financial Planning;Jan2011, Vol. 24 Issue 1, p32
Academic Journal
The article presents the author's views as a financial planner about the impact of the financial reform passed by the U.S. Congress on issues in the financial planning industry. He notes that the financial reform package is mandating the Department of Securities and Exchange Commission (SEC) to study the fiduciary issue and report back in January 2011. He states that the study would possibly harmonize broker and adviser's rules as well as outline the need for separate regulation for financial planning. He stresses his concerns for the financial planners, investment advisors and their clients, particularly the issue on the portfolio of his client who have retired at age 70 and had the difficulty to get money out of annuities to supplement her Social Security.


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