Investors Support Fiduciary Standard, Study Says

Public Policy



Investors Support Fiduciary Standard, Study Says

Sep 15, 2010

On September 15, 2010, the Financial Planning Coalition joined with AARP, CFA, IAA and NASAA to deliver a letter to the Securities and Exchange Commission (SEC), sharing the results of a new national investor survey showing that the vast majority of U.S. investors support a clear “Fiduciary Standard” for financial professionals. The survey, which makes a compelling case for imposing the Investment Advisers Act fiduciary duty on all those who give personalized investment advice about securities to retail investors, was presented to the SEC for consideration as the agency prepares the study of standards of care with regard to investment advice required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Read the Coalition’s letter (PDF, 121KB)

View the investor study (PDF, 309KB)


Financial Planning Coalition

CFP Board, the Financial Planning Association®, and the National Association of Personal Financial Advisors are working together as the Financial Planning Coalition to pursue consumer protection and industry reform.

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