This has long been demanded of fiduciaries. Nearly two centuries ago in Harvard College v. Amory, the Massachusetts court promulgated what has become known as the âprudent man rule.â
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The height of absurdity was in 2017, when Long Island Ice Tea Corp changed its name to Long Blockchain Corp and its shares soared.
These are the times itâs most important for fiduciaries to learn how to say ânoâ to clients who feel compelled to set their own best interests aside just to chase investment performance. No one is saying thatâs an easy job.
If retirees could go back in time 50 years, this is what they’d want to know.
The future of true asset allocation may lie in understanding its past.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 4/5/19
New regulatory guidelines, Will fee “clarity” lead confusion? and What’s on your menu?