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Human Capital: SEI's Anderson Sizes Up Likely Changes to SEC's Form CRS

Human Capital with Melanie Waddell

Release Date: 08/19/2020

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Human Capital with Melanie Waddell

In this episode of Human Capital, we talk with popular blogger and financial planner Michael Kitces about XY Planning Network’s recent decision to not pursue a Supreme Court challenge to the appeals court ruling that upheld the Securities and Exchange Commission’s Regulation Best Interest. Says Kitces, who’s also co-founder of XYPN, “The judges said outright in the ruling that RIAs would be put at a competitive disadvantage compared to the status quo as a result of Regulation Best Interest.” Now, says Kitces, XY Planning Network will shift its focus to pushing for state fiduciary...

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Human Capital with Melanie Waddell

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Human Capital: SEI's Anderson Sizes Up Likely Changes to SEC's Form CRS show art Human Capital: SEI's Anderson Sizes Up Likely Changes to SEC's Form CRS

Human Capital with Melanie Waddell

In this episode of Human Capital, we talk with John Anderson, managing director and head of practice management solutions for Independent Advisor Solutions at SEI Investments, about the potential changes coming to the Securities and Exchange Commission’s Form CRS, the customer relationship summary, which was adopted under the agency’s advice-standards package. Listen in as Anderson also weighs in on why he sees the SEC’s Regulation Best Interest as “evolutionary,” and “a small step in what will be many steps to drive the industry towards a true fiduciary rule.” Anderson also...

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In this episode of Human Capital, we talk with John Anderson, managing director and head of practice management solutions for Independent Advisor Solutions at SEI Investments, about the potential changes coming to the Securities and Exchange Commission’s Form CRS, the customer relationship summary, which was adopted under the agency’s advice-standards package.

Listen in as Anderson also weighs in on why he sees the SEC’s Regulation Best Interest as “evolutionary,” and “a small step in what will be many steps to drive the industry towards a true fiduciary rule.”

Anderson also provides feedback on the SEC’s recently updated FAQ on dually registered advisors’ use of the terms “advisor” and “adviser,” and previews SEI’s next white paper on cybersecurity.