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- Fi360 Fiduciary Talk 47: Filling the void in guaranteed retirement income
- Fi360 Fiduciary Talk 46: Fiduciary duties of elected officials
- Fi360 and American Funds Establish Integration Relationship
- Fi360 Fiduciary Talk 45: Fiduciary Rule scores victory in Texas
- Fi360 Declares March 23 National Fiduciary Day
Viewing posts in the In the News category.
Posted by Fi360 on March 08, 2017 in In the News
Fi360 Fiduciary Talk 46: Fiduciary duties of elected officials
The ultimate decision of the Supreme Court in this ERISA fee litigation case will have a lasting impact on how we understand the fiduciary duty to monitor. In this guest post from AIFA designee Roger Levy, read why fi360's Prudent Practices say the standard for monitoring an investment is as stringent as the standard used to select an investment.
As outflows continue to soar, how can investors, stewards, and advisors decide what to do with Pimco funds in their portfolios? What lessons can Pimco teach us about the qualitative side of due diligence?
Posted by Rich Lynch on February 26, 2014 in In the News>>>Last month the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued Risk Alert 2014-14 on the due diligence processes that investment advisors use when they recommend or place clients’ assets in alternative investments (alternatives) such as hedge funds, private equity funds, or funds of private funds. Fiduciaries who invest in alternatives or complex strategies involving derivatives must possess and apply special analytical skills to fulfill their obligation of care because these investments are generally not regulated, transparent, easily valued, or marketable. In addition, fiduciaries who represent that certain due diligence activities are...
Posted by Duane Thompson on February 12, 2014 in In the News>>>Financial advisors, typically those who are fiduciaries, counsel their clients to ignore the cacophony of market noise surrounding them on a daily basis. Better to concentrate on the importance of staying the course for the long-term. These same advisors would be well-advised to take the same sort of medicine with regard to the long-term outlook for the much-maligned but enduring fiduciary standard. At a recent TD Ameritrade Conference, as well as in other commentary in the trade press, some in the ‘purist’ camp of the fiduciary movement now argue that the SEC&rsquo...
Posted by Sharon Pivirotto on November 11, 2013 in In the NewsMaybe some of you recently read a blog post that’s gone viral this last week with over 24 million views titled “Marriage Isn’t For You.” (at www.sethadamsmith.com) It starts out like this: “Having been married only a year and a half, I’ve recently come to the conclusion that marriage isn’t for me.” Seth Adam Smith is the author of this article and had just had an argument with his wife, and was reflecting on some words of wisdom his father had told him before he was married. ...
Trustworthy Advice & Individual Investors–What Do Advisors Have to Say About the Fiduciary Standard?
Posted by Kathleen McBride on August 28, 2013 in In the NewsThis week we have a guest post from Kathleen M. McBride, AIFA®, founder of FiduciaryPath,LLC, a company that offers consulting services to assess a firm's conformance to the Global Fiduciary Standard of Excellence. She was previously a Director at the Institute for Private Investors, Wealth Editor in Chief at AdvisorOne.com and Senior Editor at Investment Advisor. >>>>Advisors had a chance to speak out about the fiduciary standard in the 2013 fi360-ThinkAdvisor Fiduciary Survey. What stands out in the findings, just released, reveals a wide gap between executives...
Posted by Kathy Stewart on July 25, 2013 in In the News>>>>The focus on excess retirement plan fees continues to make headlines. Most recently, we learned of 6,000 or so letters sent by a Yale professor to plan sponsors indicating that the fees they are paying are excessive compared to those in other retirement plans. While the professor has been taken to task for the accuracy of his data and the manner in which he acted, the reaction shouldn’t divert attention from the fact that unnecessary fees do hinder retirement plan account growth. The DOL stresses the importance of reviewing fees by illustrating the impact...
On Wednesday, we discussed on the blog the anticipated SEC issuance of a formal request for information on the costs and benefits of imposing a uniform standard of conduct for investment advisers and broker-dealers. Two days later, the SEC made that blog timely by issuing its new release, “Duties of Brokers, Dealers, and Investment Advisers.” Let’s consider some things that small-firm investment fiduciaries can do to contribute to the process.