His heart may be in the right place, but this industry icon nearly put his foot in his mouth by forgetting the very economic lessons that allowed him to be so successful.
Conflicts of Interest
Low fees are no substitute for veteran fiduciary experience.
What’s a fiduciary to do? It’s so deeply hidden, even professionals can’t find it, let alone plan sponsors.
“A one-pager can really let the sun shine on the industry.”
Hit, Miss or Backfire? Controversial Ayres/Curtis 401k Fee Paper Claims Broad-Based Fiduciary Breach
Can a Swiss Cheese argument add any value to solving important issues that really exist?
The best interests of the 401k participants will always trump convenience and cost.
A three-ring circus might get you excited but, face it, would you rather spend time trying to solve Rubik’s Cube or eating wedding cake?
It’s an answer everyone is searching for – and it just might surprise you.
The DOL’s new 401k Fee Disclosure Rule, while its effectiveness might be suspect, has empowered plan sponsors.
Star Trek’s Fiduciary Rule: The needs of the many (or the client) outweigh the needs of the one (or the fiduciary).
