Regulators stressed they'd be looking for 'good faith' efforts from firms in achieving compliance as the implementation date for the SEC rule arrives in June 2020.

Taking the time to be clear on your goals and fully understand your options will help eliminate the misperceptions and allow you to focus on the potential that lies ahead.

FINRA slapped the firm, valued at $7.6 billion as recently as July, with a $1.25 million fine for failing to meet the requirements of the regulator's Best Execution rule.

The CFP Board said it would increase the frequency of how often it checks advisors for regulatory infractions, following revelations it failed to note the marks on public facing sites touting the credentials of thousands.

Understand it’s not personal and work to educate clients in small doses.