A chopper Commander played by Meg Ryan in the 1996 movie “Courage Under Fire”1, was killed in a combat mission by friendly fire. In its final scene, a letter she wrote to her parents was read. What she said summarized was the important duty of a fiduciary...
It is tiring to see repeatedly how the fiduciary rule is bad for small savers. After reading an article by John Berlau, I cannot resist and have commented on the WealthManagement Magazine website. My comment is below, followed by the full, reproduced article. Philip...
Since the publication of the final DOL rule to redefine the term fiduciary last month along with the Best Interest Contract (“BIC”) Exemption (“BICE”), many in and out of the retirement industry continue to debate its impact and if the rule,...
On April 6, 2016, the U.S. Department of Labor (“DOL”) issued final regulations and exemptions redefining the term “Fiduciary” under the Employee Retirement Income Security Act of 1974 (“ERISA”) and finalized the Conflict of...
On April 6, 2016, the DOL issued the final and much debated and anticipated regulation in redefining who is an ERISA “fiduciary” of an employee benefit plan as a result of giving investment advice to a plan or its participants or beneficiaries and IRA. ...