First the bad news: The client isn’t always right. Now the worse news: If you listen to the client you’ve just bitten off a chunk of fiduciary liability. How did you get in this mess in the first place?
Tag "fiduciary"
Read the fallout from the mass market media op-eds that take opposite sides in the fiduciary standard debate while both taking flack from just one side – those in favor of the fiduciary standard.
To really understand investment risk, we must first discover how risk management first evolved.
Both sides of the fiduciary debate suggest their view reduces retirement investor costs. They can’t both be right. Luckily, the marketplace offers a real testing ground, leaving only one question: Who does the DOL protect – the industry or the investor?
As economic news overshadows regulatory news, questions arise if the same political malaise eroding markets will soon also infect any possibility of moving forward with leveling the playing field on the regulatory front.
As the lobbyists get their Congressional minions to put the heat up on the DOL, a recent spat of investment articles accidentally show the need for a true fiduciary standard.
You’d never guess what editors come up with on a short holiday week.
It’s a tale of two regulators. One wants to play politics while the other wants to accomplish something. Meanwhile, ETFs continue to get mixed reviews.
Just as a major brokerage firm begins to yield on its opposition to the fiduciary standard, the co-author of the bill compelling the SEC to look into it tells the regulator to lay off brokers. And that’s only the beginning. We’ve also see cracks in the cult of ETF (or is it indexing?).
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 8/26/11
A week with compliance news coming in from all sides. What issue will have the greatest impact?