Category: Fiduciary

The Digital Fiduciary

Technological advancements continue to shape and define the advisory landscape.  We are amidst a digital advice revolution as automated technology platforms – robo-advisers – attract clients and assets, delivering solutions which provide ongoing discretionary investment management and portfolio rebalancing without the aid of a human advisor.  One of...

Are Excessive Fees Our Only Concern?

As we have all read, almost every day it seems like large plans are being targeted for paying excessive fees, causing harm to participants by reducing their likelihood of achieving the best possible returns. These include accusations in several different areas. Some examples are misuse of the vendor’s...

Seatbelts, Please

A few years ago I was on a flight when the captain announced that there could be rough air ahead. Shortly thereafter, a very quick command came from the cockpit with a simple message… “Seatbelts, please.” For most people on the flight, this was a nonevent, as frequent...

What Do Fiduciary Designations Say About Your Practice?

In a recent interview with Financial-Planning.com, I was asked to share my thoughts on how adding additional professional designations can help boost an advisor practice. You can read the article here: http://www.financial-planning.com/news/can-an-additional-professional-designation-deliver-a-practice-upgrade Fiduciary designations show professionalism and dedication to lifetime learning. Designations combined with culture allow our firm...

Show Me The Money

I don’t like to fear-monger.  So in the past when a plan sponsor or advisor tells me “only the big plans are being sued over investments,” I nod my head and say, “Yes, today that is true” and add there is a higher likelihood of a DOL/IRS audit...

A Little Help Here

I think we can all agree that ERISA is an interesting yet somewhat complicated document – especially for those who don’t spend a large amount of their time reading and interpreting it.  For larger employers with an experienced HR staff, complying with ERISA as it pertains to their...

The Fiduciary Rule: Intentions vs. Results

I was recently contacted by Christopher Carosa of FiduicaryNews.com who was looking for insights on the recently released Department of Labor (DOL) Conflict of Interest Regulations.  I found it particularly interesting that his questions regarding the rule weren’t so much mechanical in nature, meaning how it will work,...

Of Robos and Retirement

I recently attended a wealth management conference in Phoenix at which the rise of robo-advisors was a hot topic. The conference theme was “Where Disruption Meets Opportunity.” Robo-advisors, as you may already know, are online wealth management services that provide automated, algorithm-based investment advice, generally without the aid...

The Dilemma of Innovative Investment Strategies (Part 2)

The Dilemma of Innovative Investment Strategies:  The Intel 401(k) Litigation What fiduciary steps must be in place to prudently investigate and monitor such investments? The responsible fiduciaries managing innovative investments must follow the following best practices: “Solely in the interest of the participants and beneficiaries” The first step...