Implementing a Fiduciary-Driven Client Service Model

Fisher III, Frank W.
July 2011
Journal of Financial Planning;Jul2011 Practice Management Solutis, p22
Academic Journal
The article focuses on the steps on the implementation of the fiduciary-driven client service model for the financial advisers in the U.S. The financial advisers are recommended to understand the client needs before implementing the model. It highlights the importance to conduct a re-evaluation and modification of the plan if dissatisfaction persists among the staff. Moreover, a debriefing must be performed once a week to ensure the accountability of each staff and to put into writing the tasks the personnel.


Related Articles

  • Excuse After Excuse. Moisand, Dan // Journal of Financial Planning;May2010, Vol. 23 Issue 5, p32 

    The author discusses several professional issues and excuses faced by financial planners in terms of improving the regulatory environment for financial planning practitioners. He stresses that the two most common excuses for not wanting better disclosure of compensation include exact amounts...

  • Your Money. LUSTER, BRIAN; ABERNATHY, STEVEN // Medical Economics;4/25/2012, Vol. 89 Issue 8, p49 

    The article focuses on the role of financial adviser in developing the wealth of their clients and presents some steps to ascertain if the financial adviser was acting on the behalf of the client. The author mentions the article by Greg Smith, executive of the investment firm Goldman Sacs,...

  • Getting Past the Past. Moisand, Dan // Journal of Financial Planning;Sep2010, Vol. 23 Issue 9, p30 

    The article looks at the criticisms of Certified Financial Planner Board of Standards in the U.S. It emphasizes that the advocacy of Financial Planning Coalition and Financial Planning Association is greatly needed by financial planning, financial planners, and planning clients. It is critical...

  • 'Fiduciary': One Word, Many Views. Rattiner, Jeffrey H. // Journal of Financial Planning;Nov2005, Vol. 18 Issue 11, p38 

    This article presents the views of several members of the Financial Planning Association and outside experts about the role of being a fiduciary and how it plays into their practices. The planners have varied viewpoints about when someone should act as a fiduciary. The interviewees, however,...

  • Quality of advice is a matter of principles. Hamilton, Peter // Money Marketing;12/12/2013, p40 

    The article discusses the obligations that an investment advisor or independent financial advisor (IFA) in Great Britain needs to fulfill when advising a client. Topics addressed include the nature of fiduciary obligations, the duty to act with skill, care and diligence, and the necessity of...

  • Going the Extra Mile. Opiela, Nancy // Journal of Financial Planning;Sep2002, Vol. 15 Issue 9, p60 

    This article offers pieces of advice on how financial planners in the U.S. can enhance their relationships with their clients. Financial planning is a relationship business. Accordingly, planners often find themselves going above and beyond traditional financial planning and investment...

  • Dead Ends. Reinhart, Len // Financial Planning;Jun2003, Vol. 33 Issue 6, p43 

    Deals with the possible ramifications of developing an aggregate measure in assessing the performance of financial advisers. Factors which demand customized planning and portfolio design; Potential impact of an aggregate measure on adviser-client relationship; Ways in which financial advisers...

  • Arbitration Showdown. Cohen, Joseph S.; Lee, Michael B. // Financial Planning;Jul2003, Vol. 33 Issue 7, p62 

    Presents tips for financial planners on avoiding client claims. Importance of material information disclosure; Supervision of staff involved in the sale of securities; Value of making a contemporaneous record of events.

  • Getting to 'Done' Cates, Bill // On Wall Street;Sep2003, Vol. 13 Issue 9, p76 

    Tackles the views of author Bill Bachrach on the roles and obligations of an investment advisor. Perception of advisors on financial services; Issues that should be dealt with by investment advisors; Ways to manage advisor-client rapport.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics