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.
VALIC to Pay $40 Million to Settle Charges It Deceived Teachers
The Securities and Exchange Commission charged VALIC Financial Advisors (VFA) for failing to disclose to teachers and other…
Man Accused of Stealing Boeing IDs, Looting Retirement Plan
A federal grand jury on Tuesday indicted an Orange County, California man on charges that he fraudulently obtained…
DOL’s Brave ‘New’ Digital World
The very idea of “going digital” has become so commonplace that most people probably don’t even think about…
Fidelity to Pay $28.5 Million to Settle 401(k) Suit
Fidelity Investments has agreed to pay $28.5 million and change its recordkeeping practices on its own 401(k) in…
7 Ways to Make Your Fiduciary Presentations More Effective
You may want to consider pitching your pitch book. Another casualty of the current crises may be your…
Return of the DOL’s ‘Five-Part Fiduciary Test’
On June 29, 2020, the DOL issued a rulemaking package consisting of a final rule setting aside the…
Senator Slams Department of Labor’s Revamped Fiduciary Rule
The Department of Labor’s latest attempt to impose a fiduciary standard for advisors, which consumer advocates see as…
CFP Board to Strengthen Ethics, Conduct Enforcement
CFP Board enforcement measures include enhanced background checks and stricter oversight to strengthen ethics and protect consumers.
What the DOL’s ESG Rule Really Means
What follows are fiduciary hacks and constructs that pertain to the DOL’s recent rulemaking regarding ESG/SRI. In the…
DOL Takes Strong ERISA 401(k), ESG Fiduciary Stance
It might be harder to “invest in your values” if a proposed rule form the Department of Labor…