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.
SunTrust 401(k) Suit Gets Class Action Status
Participants in SunTrust Bank’s 401(k) plan got the okay to proceed as a class with their claims that the…
Are 401(k) 3(38) Services Worth the Price?
When analyzing different investment options, many 401(k) plan sponsors question if it makes sense to pay more for…
Morgan Stanley Accused of 401(k) ‘Self-Dealing’
Open architecture for clients—but what about employees? Morgan Stanley and its board were accused of mismanaging the firm’s…
More Ivy Leagues Ensnared In Fiduciary Lawsuits
If you’re a university with a defined contribution plan, be afraid—be very afraid. Columbia University and Northwestern University…
Are 401(k) Advisors on Track With Fiduciary Rule Standards?
Peyton Manning can put it to a jingle. A recently-released survey from Nationwide finds the new Department of…
401(k) Fiduciary: Look Who’s Getting Sued Now
We’re pretty sure the Vatican is next on his list. In somewhat of a shift in strategy, or rather…
The Increasing Importance of 401(k) Fiduciary Insurance Coverage
It’s critically important for plan sponsor clients of 401(k) advisors to understand what fiduciary insurance is and what it does.
New Checklist to Aid with 401(k) Fiduciary Issues
Insurance consulting and brokerage powerhouse Lockton is helping to quell some of the confusion surrounding the recent DOL…
How to Avoid 401(k) Fiduciary Booby Traps with Broker-of-Record Changes
Broker dealer fiduciary rules are reshaping retirement advice, increasing liability and driving demand for ERISA fiduciary training.
The Target of the Latest 401(k) Fee Lawsuit?
Who’s counting at this point? Tort-terror Jerry Schlichter mentioned in January that they’re were roughly 40 fiduciary lawsuits…