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.
Fred Reish: What Does Best Interest Mean . . . In the Real World?
Previously, I’ve discussed different definitions of a “best interest” standard of care. The point is that, while there…
House Introduces Major Tax, Retirement Savings Legislation
Lame duck legislative action late Monday produced a 300-page package designed to positively impact Americans’ retirement savings and…
A Simple Recipe for Minimizing 401k Lawsuits
A recent paper issued by the Center for Retirement Research documents the surge in 401(k) litigation over the…
401(k) Filing Relief for California Wildfire Victims
In the wake of the most destructive California wildfire season on record, the Department of Labor (DOL) has…
Surprising Fallout in 401(k) Fiduciary Fraud Case
The ongoing saga involving alleged husband and wife grifters Jeff and Wendy Richie, proprietors of Vantage Benefits Administrators,…
To-Do: Remind 401(k) Plan Sponsors to…
As the end of the year approaches, advisors may want to remind plan sponsors of deadlines for amending…
Fred Reish: 401(k) Sponsors in Serious Need of Fiduciary Training
In three earlier posts about the Sacerdote v. New York University decision, I discussed the good and the bad…
Why We Still Need Open MEP Legislation
We need incentives for more smaller employers to adopt 401(k) plans for their employees. However, the current structure…
Fred Reish: SEC Best Interests . . . When? And What About the DOL
The Regulatory Agendas for the U.S. Securities and Exchange Commission (SEC) and Department of Labor (DOL) were recently issued.…
Playing for Keeps: Positioning Yourself as the Quarterback of 401(k) Plans
Jason Roberts, CEO of Pension Resource Institute, shared strategies on client retention & prospecting at Excel 401(k): The Advisors' Conference.