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.
The First Casualty of Any Crisis
A crisis occurs when there’s an erosion of trust as a result of poor leadership, stewardship, and governance.…
EBSA Names Acting Assistant Secretary in Wake of Rutledge Departure
The Employee Benefits Security Administration has named Jeanne Klinefelter Wilson as Acting Assistant Secretary, replacing Preston Rutledge, who…
Use Science to Improve Fiduciary Judgment
Neuro-fiduciary is the science that seeks a better understanding of what it takes to be a great fiduciary.…
Schlichter Wins Again, University to Pay $16.75 Million
Famed fiduciary tort lawyer Jerry Schlichter has done it again—winning settlement concessions from Emory University. His firm, Schlichter…
7 Essential 401(k) Fiduciary Hacks
We’ve always recommended that retirement professionals follow the letter of the law. But, in the case of new…
Which 401(k) Plans Get Sued and Why?
It used to be reserved for major 401(k) plans with deep pockets, but fiduciary lawsuits against plan sponsors…
What’s the Difference Between a File Clerk and a Fiduciary?
What’s the difference between a file clerk and a fiduciary? Come June 30th, not much. A clerk is…
7 Sensible Cybersecurity Steps for 401(k) Plan Sponsors
Cybersecurity breaches of retirement plan participant accounts have occurred with increasing frequency in recent years. Just this past…
How to Quarantine Your Practice Against the ‘Fiduciary Flu’
During this Covid-19 crisis, what skills did you draw upon so that you could properly serve your clients?…
Lessons from Jerry Maguire in the Current COVID Crisis
During this crisis and the resurgence that will follow, one thing is for certain—we’re going to place much…