Category: Fiduciary

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...

Everyone is a Fiduciary, Now What?

The reality is that not everyone will be a fiduciary, but it’s sure going to appear that way. Whether you are an advisor that currently accepts fiduciary responsibility or you have been/are prohibited from doing so, at a plan sponsor level or participant level, the proverbial playing field...