RIAs Make an Impact in D.C. as the SEC Considers Fundamental Changes to Advisor Regulation


Navigating the regulatory landscape and keeping an eye on issues that may impact RIAs and their clients is my job. So it was very encouraging to see the dozens of advisors who took time away from their jobs to participate in the Investment Adviser Association’s (IAA) annual Lobbying Day on June 4. This was an important industry-wide advocacy effort. Key issues addressed were investment advisor oversight and the possibility of harmonizing the fiduciary standard. (See my previous post: “One Little Word Can Make a Big Difference.”)

While some advisors were able to meet with representatives in person, I took great care to communicate the ideas and concerns of the advisors I’ve spoken with and who have reached out to TD Ameritrade Institutional.

When I talked with some of the advisors who made the trip to Washington, they all expressed great concern about regulatory proposals and the need to educate policy makers. But they also shared a sense of optimism that their efforts are making an impact.

Read the entire article at TD Ameritrade.