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By Christopher Carosa, CTFA | December 17, 2012
More taxing threats, defining fiduciary down and the failure of fee disclosure.
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Posted in Trending Topics | Tagged 401k, Fee Disclosure Rule, Fiduciary Standard, FINRA, IRA, mutual funds, retirement, Savings, tax
By Christopher Carosa, CTFA | January 10, 2011
The major media tries to say something on the industry and falls flat. Meanwhile, the industry journalists write about things that matter, but only insiders read.
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Posted in Trending Topics | Tagged adviser rule, court ruling, DOL, fee, Fiduciary Standard, mutual funds, pension
By Christopher Carosa, CTFA | October 26, 2009
Contrary to popular press reports, economic theory clearly suggests paying high fees is justified. Here’s the cruel irony and the greatest danger posed by the myth of high mutual fund fees: by taking back some of the responsibility normally delegated to professional advisers, an active fiduciary may in reality take on a greater fiduciary liability.
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Posted in Fees | Tagged 401k, Compliance, D. Bruce Johnsen, DOL, economies of scale, efficiency wage notion, ERISA, Fees, George Mason University, Investment Company Act, investment performance, Jones v. Harris, liability, mutual funds, pension plan, registered investment adviser, RIA, Section 36(b)
By Christopher Carosa, CTFA | October 21, 2009
Investors have decided to flee two asset classes: stocks, perhaps because of their dramatic gains in the last six months; and cash, perhaps because of historically low interest rates. In either case, investors have signaled their lack of confidence in a near term recovery in the American economy.
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Posted in Due Diligence | Tagged bonds, Due Diligence, Hewitt Associates, ICI, mutual funds, participants, Pensions & Investments
By Christopher Carosa, CTFA | October 15, 2009
Unless and until we can break the momentum of intertwined conflicts-of-interest, the greatest legacy we’ll leave our grandchildren’s children may be an outstanding bill to pay for spiraling public employee retirement benefits.
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Posted in Opinion | Tagged 401k, Calpers, Compliance, Conflicts of Interest, Due Diligence, Education, ERISA, Fees, mutual funds, New York State Pension, New York Times, Pay to Play, Public Employee Pension Plan, Wall Street Journal
By Christopher Carosa, CTFA | October 14, 2009
Diversification does not protect the investor when the entire asset class sinks. A recent study from Hewitt Associates suggests events may be placing plan fiduciaries in a historically precarious position.
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Posted in Due Diligence | Tagged 401k, 404(c), bonds, Due Diligence, Education, Hewitt Associates, investment performance, investment policy statement, IPS, liability, mutual funds, participants, Stocks, Wall Street Journal
By Christopher Carosa, CTFA | October 12, 2009
Mutual fund shareholders can’t have their cake and eat it, too. Indeed, a myth busting professor bluntly states “mandatory fee reductions are likely to injure fund shareholders.”
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Posted in Fees | Tagged D. Bruce Johnsen, Economic Theory, Fees, George Mason University, insurance company, investment performance, Jones v. Harris, mutual funds, pension plan, Supreme Court, Wharton Report
By Christopher Carosa, CTFA | October 1, 2009
We don’t need more regulation to prevent future Madoffs, we just need common sense (and, perhaps, a tad bit more enforcement of existing regulations). Here are five straightforward rules fiduciaries can follow to avoid their own personal investment Waterloo.
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Posted in Conflicts of Interest | Tagged 401k, audit, bank, bundled providers, Conflicts of Interest, custodian, DOL, Due Diligence, ERISA, Fees, investment goals, investment performance, investment policy statement, liability, Madoff, mutual funds, recordkeeping, registered investment adviser, regulators, RIA, SEC
By Christopher Carosa, CTFA | September 29, 2009
You may be an ERISA/401k fiduciary and not know it. The first step to reducing your personal fiduciary liability it to fully understand under what conditions you may be acting as a fiduciary.
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Posted in Education | Tagged 401k, Compliance, Education, elaws, ERISA, Fiduciary Solutions, liability, mutual funds, named fiduciary, registered investment adviser, responsibilities, RIA, Section 3(21)(A), service providers, trustee
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 12/14/12
By Christopher Carosa, CTFA | December 17, 2012
More taxing threats, defining fiduciary down and the failure of fee disclosure.
Read the full story...Posted in Trending Topics | Tagged 401k, Fee Disclosure Rule, Fiduciary Standard, FINRA, IRA, mutual funds, retirement, Savings, tax | Leave a response