Browsing Tag
Fiduciary
613 posts
Being a fiduciary means acting on behalf of another person or entity and having a legal and ethical obligation to put their interests above your own. Essentially, a fiduciary is entrusted with the responsibility to make decisions and manage assets in a way that benefits their client, not themselves. This relationship is built on trust and confidence, requiring the fiduciary to act with utmost good faith, care, and loyalty.
4 Key Steps Plan Sponsors Can Take to Guard Against 401(k) Lawsuits
2020 turned out to be another landmark year in a growing trend of ERISA class action litigation involving…
Why Recent CAA Legislation is a MAJOR Opportunity for 401(k) Advisors
The Consolidated Appropriations Act of 2021, signed into law at the end of December, brings significant changes with…
Episode 19—What Now? Top ERISA Expert Fred Reish Sounds Off on ESG, Reg BI and More
Sponsored By: Fred gets frank about fiduciary. It’s a new year, a new Congress, and a new direction…
Biden Picks Boston Mayor Walsh for Labor Secretary
Joe Biden announced Friday that Boston Mayor Marty Walsh is his nominee for Labor Secretary, replacing outgoing Trump…
Faegre Drinker’s Fred Reish Explains the DOL’s Final Fiduciary Rule
The U.S. Department of Labor announced a new exemption for investment advice fiduciaries on Tuesday. Fiduciary expert Fred…
Department of Labor Issues Investment Advice Final Rule
On Tuesday afternoon, the U.S. Department of Labor today announced a new exemption for investment advice fiduciaries. The…
DOL Issues Final Rule on Proxy Voting for Retirement Plans
The DOL announced a somewhat softened final rule on Friday that provides guidance on proxy vote procedures for…
Advisor Uses Underwater ‘Sea Scooter’ to Avoid Ponzi Scheme Arrest
A California financial advisor wanted for his role in an alleged $35 million Ponzi scheme went to extreme…
4 Ways to Charge 401(k) Fees (And Why They Matter)
Over the last few years there have been plenty of articles addressing the importance of periodic plan expense…
The Dark Side of 401k Fiduciary
Fiduciary has become a marketing term/tool, and is no longer: There’s a common characteristic that links exemplary fiduciaries;…