The investment advice regulation for 401(k) plans recently released by the Labor Department offers more than proposed guidelines for making advice available to retirement plan participants.
In a speech at the 2010 Investment Adviser Compliance Forum, Elisse Walter, a member of the Securities and Exchange Commission, expressed strong support for the extension of the fiduciary standard for financial professionals, calling it “critical to comprehensive investor protection.”
“Prudence” seems like an old-fashioned word with a stodgy connotation, but for fiduciaries, it is a timeless concept with significant implications.
If ever there were a time to kill 12(b)-1 fees, that time is now.
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.
As the year draws to a close, fiduciaries should be turning their attention to one of their most important responsibilities: the annual portfolio review.
The Committee for the Fiduciary Standard is an organization that every investor and financial professional should know about.
In the lexicon of regulatory reform, “harmonization” is a key word.
By definition, prudence involves the exercise of skill and good judgment in the use of resources. It is a core fiduciary duty.
An investment fiduciary's duty of loyalty demands that the investor's best interests guide the decision-making process.
