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.
Surprise (Not)! 401(k) Fiduciary Rule Uncertainty Continues
What a crazy ride. President Obama signed the Dodd-Frank Act into law six years ago, giving the Securities…
Edison International 401(k) Saga One Step Closer to End
In a last vestige of the landmark Supreme Court case Tibble v. Edison International decided last year, two…
Target-Date Twist in Latest 401(k) Fee Lawsuit
Yet another high-fee/fiduciary-fail lawsuit has been filed in the ongoing tort-lawyer Gold Rush involving 401(k)s. This time, Fujitsu…
Disney Sued as 401k Returns Magically Disappear
Oh, come on! Now they’re going after Mickey? “The Happiest Place on Earth” is a little sadder today with…
American Century Sued By Employees Over 401(k) Plan
Transamerica, Ameriprise Financial, MassMutual and now American Century. Financial services and mutual fund companies are increasingly the targets…
Dems Block GOP 401(k) Fiduciary Attack
Largely lost among the Democrat party’s sit-in over expanded gun control laws was news that they were also…
Low-Fee Focus Spurs 401(k) Business Model Innovation
Forty-year industry veteran Scott MacKillop (you read that right) is on a mission to disrupt the 401(k) and…
A DOL 401(k) Fiduciary Rule Right Out of Hollywood
The DOL’s fiduciary standards have not changed the rules. They’ve sharpened the teeth of enforcement by removing the…
401(k) Fee Fighter Jerry Schlichter Settles Another Case
Notch another win for star attorney Jerry Schlichter. The nemesis of Boeing, Lockheed Martin, Edison International and the…
President Obama Vetoes 401(k) Fiduciary Kill Bill
President Obama on Wednesday vetoed a congressional resolution to block the Department of Labor’s final fiduciary rule. “Because…