Is the DOL about to give brokers everything they want?
When a reputed home run hitter with such a pronounced track record of striking out wants to join your team, what do you do?
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.
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.
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?
Star Trek’s Fiduciary Rule: The needs of the many (or the client) outweigh the needs of the one (or the fiduciary).
Let’s recognize the researchers, scholars, policymakers, regulators and tireless advocates who work to advance fiduciary principles.
The SEC is asking “how do we constrain fiduciary” instead of the other way around.