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.
What the What? Most Foolish 401(k) Freakout Yet
No one cares about your stick-figure family and bumper sticker slogans—political or otherwise. They’re silly, sophomoric and reduced…
Fred Reish: What About Best Interest?
Let’s talk about the meaning of “Best Interest.” There are at least four best interest standards. (While “best…
No Quick Exit for 401k Class Actions Over Proprietary Funds
A district court recently denied a motion to dismiss a 401(k) proprietary fund class action, continuing an overwhelming…
New Service Will Aid in 401(k) Fiduciary Advisor Search
401(k) advisor search service helps plan sponsors meet ERISA fiduciary duties when selecting and monitoring investment advisors.
How to Assess If You Are A True Fiduciary Advisor
We need to reassert that 'fiduciary' is a transformational process that takes place over a lifetime of selfless service. In contrast, it’s not a transaction that can be brokered by self-serving faux-fiduciaries.
5 Ways to Help 401(k) Plan Sponsors Steer Clear of Lawsuits
Retirement plan sponsors have a continuing fiduciary duty to plan participants in a defined contribution plan. Navigating the…
Why 401(k) Sponsors Must Be Given Authority in Plan Interpretation
In a sue first, ask questions later world, it’s never been more important for 401k advisors and their…
Another Sign 401(k) Plan Sponsors Are Fighting Back And Winning
Perhaps the tide is turning after all. In a ruling last week, CheckSmart Financial won a two-year-old lawsuit…
Be Careful What You Wish for With Fiduciary Rule
Fiduciary rule 'shelving' leaves 401(k) advisors uncertain as SEC and DOL actions shape the future of fiduciary standards.
Fi360 and 401(k) Specialist Announce Dynamic Content Partnership for Advisors
Pittsburgh, PA and Denver, CO, July 10, 2018—Fi360, the nation’s leading provider of fiduciary-related education and technology, and…