“…if you are operating under the fiduciary standard… the future of regulation may dramatically change the very business model you have come to love; and the reasons you love it are the very same reasons it is under attack.”
Golden tells us how Swensen’s books have explained why a fiduciary cannot use a cookie-cutter approach.
Government Yin/Yang, Is Fee Disclosure Working? and Has Index Investing Jumped the Shark?
Regulators all in, the fall of 12b-1 fees and why do we keep talking about investments?
The pension implosion, the fiduciary explosion and retirement plan fee corrosion.