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.
Cue 401(k) Freak-Out Over Fiduciary Rule Folly
We can’t blame The Wall Street Journal for its hot take on what all happened with the Fifth…
Fiduciary Rule Vacated by Fifth Circuit Federal Court
Fiduciary Rule Struck Down as the Fifth Circuit Court rejects the Department of Labor’s regulation impacting retirement savings.
Bringing Balance Back to Business—One 401k Advisor’s Time Management Tightrope
A guy named Tony Powers has gotta be an elite advisor—his name just screams success, like Richie Rich…
Regulator Galvin Investigates Wells Fargo’s 401k Rollover Recommendations
The hits keep happening. Massachusetts Secretary of Commonwealth William Galvin has opened an investigation into Wells Fargo Advisors,…
A Simple Solution to Protect 401(k) Plan Participant Assets
Vantage Benefits Administrators, a Dallas-based “TPA, recordkeeper and professional fiduciary” and subject of an FBI raid in October amid fraud…
What Happened With FINRA Fines in 2017?
Did 2016’s heavy-handed FINRA fines (a record amount totaling $176 million) scare the industry straight? Perhaps—at least to…
Reject This Attempt to ‘Regain Retirement Plan Control’
Bitcoin retirement may sound appealing, but it risks your future savings. Learn why avoiding Bitcoin in retirement is crucial.
5 (Critical) Reasons for Fiduciary Liability Insurance
“Fiduciary liability insurance—isn’t every plan required to have that?” Actually, fiduciary liability insurance is not required, but it’s…
Sloppy Scottrade Fiduciary Slip Completely Self-Inflicted
Regarding its ongoing drama with Spitzer mini-me William Galvin, a simple misstep might have done Scottrade in—and it…
Massachusetts Slams Scottrade for Alleged Sales Contest Fiduciary Fail
The Department of Labor might allow for regulatory wiggle room before full implementation of its fiduciary rule; not…