Not only do you need to watch the place that holds all the money, you need to watch the pipeline that feeds the money there.
Tag "beneficiary"
While the fiduciary should be fairly compensated, the fiduciary is prohibited from engaging in activities that might increase that compensation to the detriment of the interests of the beneficiary. Such activities represent the definition of a self-dealing transactions. Here are some examples of self-dealing transactions that, if executed, will likely result in a fiduciary breach.
The current environment abounds with many temptations that try to lure the unsuspecting fiduciary. Here are five very relevant examples.
It goes without saying there are risks when one plays politics with other peoples’ money. The depths of the ensuing fiduciary liability will only be tested when the tort bar brings the matter to court. Until then, fiduciaries may wish to proceed with caution.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 8/18/17
Marketing fiduciary, yes, conflicted fees matter, and exposing Index Funds