‘Sufficient’ Regulation of Planners Isn’t Always Enforced
In Miami Today, June 18 2009, Benjamin Tobias was quoted in the article ’Sufficient’ Regulation of Planners Isn’t Always Enforced by Marilyn Bowden. Due to market losses and other financial scandals, the financial advice industry could see more regulation soon. Ben suggested that all planners follow a fiduciary standard which means “..putting the client’s interest first, acting as a true advisor- trying to give them (clients) what they need as opposed to what you want to sell.”