Manage episode 359320494 series 7742
CEO Chris Boyd, CFP®, and Marketing Director Cathi Ingersoll discuss a filing by the SEC that is charging a Massachusetts based Investment Advisor firm for unethical business practice, not disclosing significant compensations, and for various wrong doings. Chris describes the allegations as a blemish on an industry that is built on trust. They go on to talk about the importance of fiduciaries and things that can help the consumer during the process of choosing a financial advisor.
Chris gives his input on Required Minimum Distributions (RMDs), covering what they are and explaining if there is a cutoff age. He then mentions different factors that might affect people’s decisions on when to take their RMDs.
CIO Brian Regan, CFA®, joins the show to discuss a lesson learned from a client experience. They share the common occurrences and the pros and cons of concentrated positions.