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.
How to Address the (Major) Risks of Proprietary Funds in 401(k)s
A study by the Center for Retirement Research at Boston College in May 2018[1] found that over 40…
The Critical Case for Stable Value in 401ks
Stable value is an important asset class currently representing about 11.7% of the $7 trillion in total DC…
4 Fiduciary Threats to 401(k)s Now
While 401(k) plan fiduciaries have diligently addressed fees, investment menus, and transparency, the regulatory ground shifted beneath their…
Smaller 401(k) Plans Have A LOT More Problems Than Larger Plans
Common sense might suggest that larger 401(k) plans face more significant challenges than those of small businesses. Yet,…
ERISA 3(38) and 3(21)—What’s the Difference?
Is it surprising or scary that too many 401k advisors are still unfamiliar with ERISA terms like 3(38),…
Massachusetts Regulator Proposes Fiduciary Rule
Frequent SEC Reg BI critic William Galvin, Secretary of the Commonwealth of Massachusetts, announced Friday that his Securities…
Is ESG the True Fiduciary Path Forward?
If the primary objective of fiduciary duty standards is to act in the best interests of 401k plan…
Concerned About Reg BI? Here’s Marcia Wagner’s Breakdown for Broker-Dealers
The SEC, by a 3-1 party-line vote, issued in a timely fashion its final regulations with respect to…
June Top Advisor by Participant Outcomes (TAPO)—Todd Kading
The Flexible 401(k) Fiduciary “The only reason we’re in this business is to make sure people can actually…
Date Set for 401(k) Fiduciary Rule Reboot
The Department of Labor has set a date for a new fiduciary rule push (officially the “Conflict of…