Browsing Tag
Fiduciary
618 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.
401(k) Fiduciary Freak-Out: How is the Industry Reacting?
Industry reaction to White House revelations about provisions in the Department of Labor’s (DOL) final fiduciary proposal has…
What Happens When 401(k) Auto-Enrollment Goes Wrong?
All hail auto-enrollment! It’s unquestionably a boon for enrollment rates, and 401(k) retirement preparedness overall. Acting in concert…
President Obama Meets with 401(k) Fiduciary Rule Advocates
President Barack Obama met with financial regulators Monday to give the Department of Labor’s fiduciary rule a final…
SEC, DOL Fought Over 401(k) Fiduciary Rule
The Securities and Exchange Commission and Department of Labor fought mightily over provisions in the fiduciary proposal, discord…
401(k) Keys to a Responsible Plan: Trust, but Verify
A company’s new executive team was recently tasked with becoming the fiduciaries for the company’s 401(k) plan, which…
How 401(k) Advisors Capitalize on Change
AS PROFESSOR BARBAY SAID in the Rodney Dangerfield classic, Back to School, “There are two types of people…
Attorney Schlichter Files Stable Value 401(k) Lawsuit
Say this for Jerome Schlichter—his timing is impeccable. The star attorney has filed another bombshell lawsuit, this time…
How (Not) to Get Sued By 401(k) Tort Terror Jerry Schlichter
Industry crusader or sector pariah? Tort terror Jerome Schlichter causes angst and anxiety about long-held 401(k) industry practices,…