Tags » Fiduciary Issues

Are Risk Questionnaires A Waste of Time?

Are these things worth anything? … or nothing.

Risk questionnaires have played a major role in retirement and investment planning for as long as I can remember; and I’ve used them no less religiously than any other advisor.    830 more words

Financial Planning

Is ANY Advisor Truly Unbiased?

Probably not.

Everyone has some bias.

It doesn’t matter what an advisor’s business model is, each has its own built-in bias.  And, let’s face it, it’s probably true of every business model in any business.  359 more words

Financial Literacy

401(k) Excessive Fee Cases are Alive and Well

Jim Lorenzen, CFP®, AIF®

 The recent decision in Tussey v. ABB, the first full trial to consider whether fees in a large 401(k) plan were excessive, the defendants, ABB and Fidelity, were on the losing end and ordered to pay $36.9 million in damages. 573 more words

Retirement Plans

A Huge Number of Retirement Plans May Soon Become Prohibited Transactions.

Jim Lorenzen, CFP®, AIF®

Few retirement plan fiduciaries can document that they are monitoring their providers or whether their decisions are delivering value to help participants help themselves. 405 more words

Retirement Plans

401(k) Fee Disclosures On The Way

If you’re participating in a 401(k) plan, it won’t be long before you’ll be seeing brand new fee disclosures on your statements; and, if you’re one of those who thought your plan was ‘free’, be prepared for a big surprise.  668 more words

Retirement Plans

Plan Sponsors Guide To The Ideal Plan Structure

Everyone hates report cards; but, without them, we’d never know how we stand against expected standards of conduct.

When it comes to a corporate retirement plan sponsor’s fiduciary responsibilities, failure to know where one stands can result in serious consequences. 661 more words

Sticker Shock May Be Coming for Retirement Plan Participants

Retirement plan participants will soon find out how much they’re really paying for their retirement plan; but, there’s more to the story.

While I have faith that many service providers will go to great lengths to find a way to make the disclosures confusing – there is a lot of money at stake – some will be more transparent.  487 more words

Financial Literacy