When the time comes for class action attorneys to scan the field for prospective litigation opportunities, they start from the biggest classes and work their way down.
The DOL’s new Rule both discourages and permits continued conflicts-of-interest.
Without conflict-of-interest fees like 12b-1 fees and revenue sharing, the world becomes a lot simpler for 401k plan sponsors and a lot safer for plan participants.
Is the DOL about to give brokers everything they want?
When a reputed home run hitter with such a pronounced track record of striking out wants to join your team, what do you do?
His heart may be in the right place, but this industry icon nearly put his foot in his mouth by forgetting the very economic lessons that allowed him to be so successful.
Low fees are no substitute for veteran fiduciary experience.
What’s a fiduciary to do? It’s so deeply hidden, even professionals can’t find it, let alone plan sponsors.
The best interests of the 401k participants will always trump convenience and cost.
A three-ring circus might get you excited but, face it, would you rather spend time trying to solve Rubik’s Cube or eating wedding cake?