The State in Flux, “Fiduciary” as product, and 12b-1 redux.
Don’t be surprised if this collective wisdom confirms certain instincts you have always possessed, drives a stake in the heart of a myth you’ve long embraced, and opens your mind to an idea you’ve never thought to consider.
Ron also says to “sunset” BICE, eliminate all conflicts-of-interest, and don’t trust FINRA.
Is the DOL about to give brokers everything they want?
“Price (fees) are a component of value. There are many other components that make up value and the relative weight will vary from plan to plan.”
In some distant future, what fossilized evidence of poor judgment will come back to haunt unsuspecting 401k plan sponsors.
Regulators all in, the fall of 12b-1 fees and why do we keep talking about investments?