Schweiss says forcing brokers to abide by a fiduciary standard probably is “not a good strategy any more” and the government is no longer a viable part of the fiduciary solution.
Interviews
Discover why “fiduciary” is the last word you want to bring up to 401k plan sponsors.
Exclusive Interview: Jerry Schlichter Reveals 3 Ways 401k Plan Sponsors Can Avoid a Fiduciary Breach
“If diversification of products in the annuity is limited, the product may result in a fiduciary breach because…”
“If we can’t explain to investors how they benefit from fiduciary advice, frankly, we don’t deserve their confidence, much less their business.”
Industry veteran identifies the most critical issue facing employers today and plan sponsors’ job #1.
“Advisors who don’t assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role.”
Exclusive Interview (Part III): Phil Chiricotti Offers Surprising Comments on the Fiduciary Standard
“ERISA needs a statutory fix… or [we need] a DOL that employers can trust.”
The Dean of the financial service industry speaks out on robo-advisors, consumer confusion, and the “You” test.
“Advisers should be very scared of being implicated in the lawsuits that will happen.”
