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Blaine Aikin, AIFA®, CFP®, CFA, Executive Chairman, Fi360 and CEFEX
Duane Thompson, AIFA®, Senior Policy Analyst, Fi360
After an onslaught of new fiduciary breach claims hit the financial services industry and universities three years ago, most of the four-dozen-plus ERISA class-actions are still working through the legal system as fiduciaries increasingly search for answers. A handful of cases have gone to trial, with many going on to appeal, and with a substantial number reaching settlement, sometimes just hours before trial. Combined, these latest court actions offer valuable lessons on prudent investment management practices covering a wide range of specific claims that go beyond the excessive fee label typically applied to these cases. Some of the related claims include failure by the plan’s investment committee to prudently select and monitor or replace underperforming investments – including money market instead of stable value funds – failure to use lower-cost share classes for the same fund, and imprudent selection of active versus passive investments. The list goes on. Helping to sort out the most important takeaways from this sheer volume of litigation are Blaine Aikin, AIFA®, CFA and CFP®, Executive Chairman of Fi360, and Duane Thompson, AIFA®, Senior Policy Analyst. They provide insights into how thoughtful fiduciary advisors can improve their own due diligence processes and avoid some of the pitfalls uncovered in this latest wave of ERISA litigation – while at the same time more effectively serving the best interests of their institutional and retail clients.
Fi360
Our educational webinars address recent industry developments or specific topics related to fiduciary responsibility. They offer opportunities for interaction between the audience and the presenters, who are Fi360 staff or other industry thought-leaders.
Live attendance is eligible for one hour of CE for the AIF®, AIFA®, and PPC® Designations. CE credit may also apply for the CFP® Certification, when indicated. Each individual wishing to receive CE credit for any credential must register for and log in to the session individually so that we have a record of your attendance. Recorded videos of previous webinars are available for viewing below. AIF and AIFA Designees must access archived webinars through the Designee Portal in order to receive CE credit. If you have any questions, please email support@fi360.com.
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