Results for "Fiduciary Corner"

Displaying 146 results

Sort: Date | Relevance


Prudence involves more than conduct

February 14, 2010

“Prudence” seems like an old-fashioned word with a stodgy connotation, but for fiduciaries, it is a timeless concept with significant implications. Too often, investment advisers view prudence simply as an obligation to be competent and...

Let's say goodbye to 12(b)-1 fees

January 17, 2010

If ever there were a time to kill 12(b)-1 fees, that time is now. The imminent extension via regulatory reform of the fiduciary standard to brokers who provide advice presents a fitting time to get rid of fees that create conflicts of interest,...

The four stages of an annual review

December 6, 2009

As the year draws to a close, fiduciaries should be turning their attention to one of their most important responsibilities: the annual portfolio review. This is a prime event conducted in the process of fulfilling the continuing fiduciary duty...

Time to focus on target date fund reform

November 8, 2009

Rather than focusing on past deficiencies in target date funds, the Senate Special Committee on Aging's recent hearing on the funds focused on how they can be turned around quickly. However, the hearings should serve as notice to all fiduciaries...

Group aims to influence reform

October 11, 2009

The Committee for the Fiduciary Standard is an organization that every investor and financial professional should know about. It was founded about three months ago by a small group of volunteers who saw an opportunity to build public awareness...

B-D reps will reap benefits of reform

September 13, 2009

In the lexicon of regulatory reform, “harmonization” is a key word. Securities and Exchange Commission Chairman Mary Schapiro introduced the term in testimony and materials presented to the Senate Committee on Banking, Housing and Urban...

The process of picking a co-fiduciary

August 16, 2009

By definition, prudence involves the exercise of skill and good judgment in the use of resources. It is a core fiduciary duty. Consistent with the stature of fiduciary obligations as the highest known to law, fiduciaries are expected to ensure...

It's time to rethink retirement plans

July 12, 2009

An investment fiduciary's duty of loyalty demands that the investor's best interests guide the decision-making process. Moreover, close attention must be paid to the consequences of decisions, and corrective action must be taken if those decisions...

SEC's Aguilar urges fiduciary standard

June 7, 2009

In my last Fiduciary Corner column, I wrote about the significant benefits that would result if, as a result of regulatory reform, all who provide financial advice — including broker-dealer representatives — are held to the fiduciary standard...

How a 'universal' fiduciary standard would change how financial advisers do business

May 10, 2009

Some time ago, a reporter asked me a simple yet profound question: “If everyone providing investment advice were held to a fiduciary standard of care, how would things be different than they are today?” Before the financial crisis, the reporter's...

For fiduciaries, loyalty is everything

April 12, 2009

Woodrow Wilson may have been right when he said, "Loyalty means nothing unless it has at its heart the absolute principle of self-sacrifice." Fiduciaries owe a duty of loyalty to the beneficiaries they serve. But frequently, they find their...

Time to embrace fiduciary standard

March 15, 2009

A consensus is forming that financial regulatory reform should include provisions to require anyone providing advice to adhere to a fiduciary standard of care. The Washington-based North American Securities Administrators Association has recommended...

Don’t dance around principles

February 15, 2009

I want to offer four reasons why the Department of Labor should rescind a class exemption that would allow conflicted advisers to offer advice to retirement plans under certain circumstances. Before outlining my arguments, let me provide some...

What we can learn from Madoff

January 18, 2009

Bernard Madoff was able to pull off what is allegedly the largest investor fraud in history because people trusted him. But why did people believe his lies when there were so many reasons not to? It was the skeptics who spotted Mr. Madoff's...

Give clients the confidence they need

December 7, 2008

The end of each year is a time of reflection and anticipation. From a financial perspective, this has been a year when people have had their confidence shaken to the core. Most are nervous about their employment situation, investments, credit...

Maintaining standards in unusual times

November 2, 2008

By now, even the most ardent advocates of asset allocation have to be asking themselves whether they should just go to cash and wait for saner times. I have to admit that in more than 25 years in the financial services business, I have never...

Congress abdicates its fiduciary duty

October 5, 2008

Public officials in all branches of government have a fiduciary duty to the citizens of the United States. That is the proper context for how we should judge the decision making by our elected and appointed officials in everything they do. The...

Can brokers be fiduciaries?

September 8, 2008

Judging by newly proposed regulations on investment advice, it looks as if the Department of Labor is trying hard to engineer a sharp turn from the course established by Congress. On Aug. 22, the Labor Department released its long-awaited guidance...

First, do no intentional harm

August 11, 2008

Providing financial advice is similar to providing medical advice in that there is inherent uncertainty about whether recommended actions will achieve the desired results. In medicine, the term "iatrogenic injury" refers to situations in which...

Are best practices enough?

July 14, 2008

In casual conversation about the troubled financial markets, the words "risk" and "uncertainty" often are treated as synonyms. But for the fiduciary, there must be no confusion about their very different meanings. Risk may be defined as variability...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.