Fiduciary Exposure, Breach, Fiduciary Suburn

Fiduciary Exposure may lead to FiduciarySUNBURN

Trustees of private trusts, ERISA pension, profit sharing and 401k plans, and members of investment committees of non-profit organizations, including foundations and endowments are deemed investment fiduciaries.

Securities-licensed persons like stockbrokers, investment advisers, trust officers, private bankers; insurance licensed persons and unlicensed investment professionals and occasionally CPAs, Business managers and Attorneys unwittingly enter the zone of investment fiduciary liability.

What matters is the functions performed on behalf of a trust or ERISA pension, profit sharing or 401k plan. In the ERISA arena liability may arise due to the omissions or actions of other fiduciaries.

Mr. McConnell as a teenager surfed, in the ocean, on the Jersey shore, often without any sun protection. Sunbathers on the beach used oil and reflectors and "worked" to achieve an even deeper, darker tan; using the term of the day, to achieve “the cool look”. The interactive portion of the website is about to take place...raise your hand high if you know someone who did this; raise both hands if you engaged in these unsafe practices! Medical research has proven that the "cool look", unprotected sunbathing of the 60's, 70's and 80's contributed to skin cancer; among the leading preventable causes of premature death today. Sun protection factor (SPF) is now widely used to protect us. For the trivia buffs, Coppertone began selling SPF products in 1977.

In the FiduciaryTHEATER™ however, our experience shows that some Trustees, ERISA Plan Sponsors and Investment Committees, Non-profits' and Foundations' trustees are "back in the 60's and 70's"; often unaware, uninformed or imcompletely informed, making or failing to make prudent decisions. Without policies, procedures and documentation trustees are exposed to FiduciarySUNBURN™!

In the wake of pension and 401k shortfalls, numerous disputes in family trusts and non-profit governance miscues ERISA plan participants, private trust beneficiaries and the public seek to hold trustees and co-fiduciaries in the securities and financial services industry accountable.

FPF - 22 ™

(Fiduciary Protection Factor – 22)

A unique "prescription" for fiduciaries

Contact us at litigation@fiduciaryexpert.com