Browsing Tag
Best Interest
7 posts
Most Americans Seek Best Interest in Retirement Advice
Nearly all respondents surveyed in a CFP Board study believe that financial professionals should serve in the best interest of clients, even when making one-time recommendations and other one-time advice
Biden’s DOL to Implement Trump Fiduciary Rule
The Department of Labor announced that it will allow a Trump-era exemption for investment advice fiduciaries to move…
Fiduciary Fallout: 1 in 2 Believe All Advisors Must Act in ‘Best Interest’
The on-again, off-again Department of Labor fiduciary rule fiasco of 2018 seems to have fed public misconceptions about…
Fred Reish: What Does Best Interest Mean . . . In the Real World?
Previously, I’ve discussed different definitions of a “best interest” standard of care. The point is that, while there…
Fred Reish: What Does ‘Best Interest’ Really Mean?
“Best Interest” has become part of the American lexicon …as an aspirational goal or a demanding standard—depending on…
Fred Reish: Court Rules in 401k Fiduciary’s Favor
As I previously discussed, the Court’s opinion about the case of Sacerdote v. New York University pointed out the deficiencies in…
Fred Reish: One Major 401(k) Rollover Concern
Fred Reish discusses fiduciary rule's impact on rollovers at FI 360, emphasizing advisors' duty to ensure client benefits.