Browsing Tag
Fiduciary
615 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.
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;…
Abbott Defendants Dismissed from 401(k) Cybertheft Lawsuit—For Now
I previously wrote about a lawsuit filed against Abbott Labs and recordkeeper Alight by a participant whose account…
Schlichter Hit for $1.5 Million for ‘Reckless’ Fiduciary Claims
Correction: The allegations against Great West Capital Management were not for an ERISA breach, rather a violation of…
Itzoe’s Intent: Getting the 401(k) Fiduciary Formula Right
“I’ve often said that fiduciary is not just a noun, it’s both a noun and a verb. It’s…
3 Fiduciary Standards to Evolve from Good to Great
There are more than a dozen different fiduciary standards in play today. To simplify this patchwork of regulatory…
Why The Right 401(k) Plan and Process Matter So Much
A new book uses a collaborative interview strategy that includes subject matter experts in a number of areas…
Rolling Stone Wrecks Recent DOL Retirement Plan Rules
It says a lot about how far Boomers have come that their proverbial bible, Rolling Stone, is focused…
How to Avoid COVID 401k-Related Lawsuits
The COVID-19 pandemic has brought about a staggering number of changes for employers in the past few months,…