“…the best efforts of those focused on product, not investors, are ultimately doomed to failure.”
Interviews
“Pick a lane⊠please. Why is the SEC living in the land of ambiguity? Lead, follow, or step aside. I may not agree with Ken Fisher very often but on this point, I believe he nailed it…”
“…anytime we are talking about disclosures, donât make them like the lovely 404a notices. Make them simple and easy to understand. Otherwise you lose the whole point of the disclosure.”
Before one can advise investors, it’s critical one know what they’re thinking and understand why they’re thinking it.
For 8 years as Assistant Secretary of EBSA, Phyllis Borzi fought vigorously to protect plan sponsors and retirement savers under the uniform fiduciary umbrella. Here, she answers questions about the past, present and future of the Fiduciary Rule.
One of the nation’s top ERISA attorneys tells us even if the Fiduciary Duty is dead, it’s not. The only question is which part will remain alive and which part with wither on the vine. Fred Reish has an idea, and he tells us here.
Prolific ERISA attorney shares his views on the DOL’s Fiduciary Rule and the direction the industry is headed in.
âThis uncertainty can be very challenging for plan sponsors. If I have to give some basic words of advice to plan sponsors, I simply say âstop and take a breath.ââ
âThere is no practical difference between âadviserâ and âadvisorâ in the eyes of the customer. Both suggest a level of relationship well beyond the standard of a brokerage relationship.â
I am behind any idea that puts savings on autopilot and takes a lot of thought out of it. Take for example every time we get a raise in our salary. We should automatically have our savings contributions adjust accordingly when that happens.
