Fiduciary

Mitigating your fiduciary liability: pilot or co-pilot?

When hiring your company’s 401(k) advisor, choosing a fiduciary mitigates your plan sponsor liability. But which type is best? Metaphorically, a 3(21) fiduciary acts as your co-pilot making plan asset recommendations, but the liability remains shared if the “plane crashes.” With a 3(38) fiduciary, you instead get out of the cockpit and become a first-class …

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Well-hidden fees are costing 401(k) plan participants

Recently, one of our financial planning/wealth management clients asked us to coordinate his assets under our management with his 401(k) plan assets. Unfortunately, we found the task impossible because his investments — while they had familiar names like Janus, TRowe Price, Fidelity, etc. — bore no resemblance to the actual investments of the same names. …

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The Certified 401(k) Difference

Fewer than 1% of financial advisory firms have been awarded the coveted Center For Fiduciary Excellence (CEFEX) Certification in the United States. Although the term “fiduciary” has become more commonly used in our industry, the definition and expectation of fiduciary responsibility has unfortunately been muddied and it is hard to trust you are getting the …

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