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?
Star Trek’s Fiduciary Rule: The needs of the many (or the client) outweigh the needs of the one (or the fiduciary).
Let’s recognize the researchers, scholars, policymakers, regulators and tireless advocates who work to advance fiduciary principles.
The SEC is asking “how do we constrain fiduciary” instead of the other way around.
An old case suddenly takes on more relevance as the DOL may have Plan Sponsors in their cross-hairs.
If all these researchers consistently show investors make less money going through brokers, why are brokers still in business?
At what point does acting solely for the benefit of the beneficiary cross the line into acting in behalf of one’s self-interest?
There’s no turning back. The cat is out of the bag. Regulators or not, the marketplace seems to have already made the decision to adopt the fiduciary standard.