In a nutshell, what was initially considered a “pick me because you like me” decision on the part of the prospect has been reframed as a “pick me because I sold you investments” decision. It’s a subtle distinction, but it drives the difference between a fiduciary act and a non-fiduciary act.
Posts From Christopher Carosa, CTFA
The coming regulatory tsunami; tick tock, tick tock; and “What took you so long?”
While diligence is to be applauded, that’s not to say you can’t carry it to an extreme. If fact, some folks are so hung up on fees, they sometimes fail to see the bigger picture.
The ESG Strikes Back, a dam bursts, and more Social (In)Security
Clearly, you wouldn’t pay more for 2 apples if you could get 3 for the same price, but would you pay more to get 2 oranges instead?
Government gifts – Beware! Statistics – Wow! DIY – SNAFU!
Interested to know why small plans are different? What the dumbest retirement idea in the past 10 years was? What the most successful concept was? Read all about it in this article.
“Them’s fighting words,” “It’s a shame if something should happen to your nice fiduciary,” and IUI – “Investing Under the Influence.”
The problem with Sequence of Return Risk is that there’s no way of knowing if you’ll experience it. It’s a roll of the dice. The best way to avoid this risk is to prepare as if it were going to happen.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 9/17/21
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