Current Financial Planning Coalition Policy Priorities

Fiduciary Standard of Care

The Coalition urges the Securities Exchange Commission (SEC) to adopt a rulemaking to extend the fiduciary standard of care to broker-dealers who provide personalized investment advice to retail clients. [The Commission adopts rules and undertakes rulemakings]

Investment Adviser Oversight

The Coalition advocates that Congress adequately fund the SEC to permit the agency to fulfill its investment adviser oversight responsibilities to protect investors. In the absence of adequate funding, the Coalition advocates that Congress pass legislation authorizing the SEC to collect reasonable user fees from investment advisers to increase the number and frequency of investment adviser examinations by the SEC.

Regulation of Financial Planners

The Coalition supports legislative reforms that would require financial service providers who hold themselves out to consumers as “financial planners” to meet established competency and ethical standards and to provide financial planning services under a fiduciary standard of care.