There is a sense that everyone in financial services gets painted with a broad brush. It is sometimes difficult.
FA: What is the most important thing you are going to tell advisors today about the future of regulation for your industry?
Schweiss: I want to ask if they think we should be advocating for a uniform standard for brokers and advisors and we wonder if they think it should be as stringent as the 40s act [The Investment Adviser Act of 1940]. We certainly don’t want standards lowered. We want standards as strong as they can be. We like the 40s Act. It’s done its job.