Category: Fiduciary

Pay to Play or Go Home

As we get closer and closer to the applicability date of the fiduciary rule, the industry is starting to show its cards on how the rule will impact the landscape.  What’s still unclear is whether or not the rule will actually become applicable, see ACOSTA Getting Heat to...

Le’Freak le Chic’ – Fiduciary Freak Out?

It seems like every other day there’s another article published about the impact of the DOL Fiduciary rule. These articles vary from “interesting new perspectives,” to “if this Broker Dealer is going fee-only,” “that Broker Dealer is going commission only” and every angle between. It seems everyone wants...

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...