FAIRFIELD, Iowa--(BUSINESS WIRE)--Cambridge Investment Research, Inc. (Cambridge) announced it has established a new Fiduciary Services department in preparation for the changes facing the industry, including the potential impacts of the proposed Department of Labor’s ruling which is expected to redefine “fiduciary” as it pertains to investment advice and service for independent advisors. The Fiduciary Services department will be led by Cambridge’s First Vice President of Fiduciary Services, Colleen Bell, and staffed with subject matter experts who are familiar with the concept of being held to a formal fiduciary definition.
“Cambridge is committed to solving the issues that face the advice industry, including the impacts of the proposed DOL rule,” said President Amy Webber. “As a leader in fee-based business, Cambridge will continue to support the move to fees where appropriate, but we are also committed to solving the issues and providing solutions to advisors so that they can continue to do business the way they do today, to the extent possible.” Webber added that Cambridge began proactively preparing over 18 months ago for various changes in rules, and the formation of a Fiduciary Services team is one of several actions.
“As rules and regulations change, Cambridge will continue to concentrate on serving advisors with an independent mindset,” said Webber. “We believe forward-thinking is important, and we continue to believe we work for the independent advisor so they can work for their clients. Together we can adapt and find the opportunities that will emerge with the changes ahead.”
About Cambridge
Cambridge
Investment Group, LLC is a privately-controlled firm with a national
reach across the financial services industry consisting of multiple
broker-dealers and RIAs, including: Cambridge Investment Research
Advisors, Inc. – a large corporate RIA; and Continuity Partners Group,
LLC – a special purpose broker-dealer and investment advisor; and
Cambridge Investment Research, Inc. – an independent broker-dealer,
member FINRA/SIPC, that is among the largest privately owned independent
broker-dealers in the country. Visit www.joincambridge.com
Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, and investment advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Both are wholly-owned subsidiaries of Cambridge Investment Group, Inc.
