For all the good intentions, however, what will happen when the rubber finally meets the road? Will the new DOL Fiduciary Rule really level the playing field?
Tag "best interest"
Herein lies the potential for a direct conflict of interest. This applies generally to all proxy voting in commingled portfolios.
“Surveys show about half of investors don’t know how much they’re paying for advice, and about one in six think they pay nothing.”
Just as summer changes into fall, Reg BI will change the way all participants – investors, service providers, and 401k plan sponsors – interact with each other. These are the changes we might expect.
Was “fiduciary” done in by over-saturation? Or was it the victim of a super successful negative campaign? Or is there something missing in our analysis?
These may not be the only rules, but they rank up there as among the most practical for fiduciaries and, in some cases, for any other professional.
In an otherwise quiet week, does anyone else think it strange that a whole slew of articles came out on this one particular topic?
Here’s the beginning of an operational definition of what it takes to be a good fiduciary (first of three installments).
Legislative Odds-Making, the True Cost of Low Fees, and When “Safe” Investing Isn’t Safe.
I 💖 Fiduciary
All kidding aside, Valentine’s Day is more than cards, candy, and Cupid. It’s about renewing a vow to treat each other with the highest fiduciary standard.