Gresham Partners Weighs In On The Fiduciary Standard Debate

This white paper addresses one of today’s most discussed and divisive topics involving investors, investment advisers and brokers: What legal standard of responsibility and conduct should apply to firms and individuals who provide advisory services to investors?

This question is receiving a lot of attention from the SEC, the Department of Labor, the President and organizations that would be affected by changes to the existing standards of conduct applicable to investment advisers and brokers. It also was addressed in a recent Supreme Court decision.

Topics discussed in this white paper include:

• Three actions we believe the SEC should undertake now;
• Our reasons for making these recommendations; and,
• The regulatory landscape over the last 80 years, which provides further insight into the fiduciary issues being debated today and our recommendations.