Category: Conflicts of Interest Rule

Successor Trustees’ RED Flag: Who will be left holding the bag? Hold off accepting any trustee or new board appointment until fiduciary expert due diligence checks out

  • By FE on
The good tidings of the holidays and beginning of the 2019 new year bring with it fervent hopes for things to improve, get better and this: for switches in trustees and new board of directors appointments. Let me make this very important point right here: these all entail a personal and ultimately unavoidable fiduciary duty, […]

Categories: Conflicts of Interest RuleFACE AuditFiduciary Account Commissions Expenses AuditFiduciary Account ManagementFiduciary duty expertPrudent Investment ManagementTrustee duties

Tags: Brokerage BudgetFiduciary Account Compliance Auditfiduciary account protectionFiduciary AuditSuccessor TrusteesSuccessor Trustees LiabilityTrustee SurchargeTrustees Standard of care

Brokerage or Trust Account not budgeting fees, commissions and expenses; a BFD?

  • By FE on
A budget, like lane markers on a freeway is a basic tool to help provide guidance as to the amount or range estimate for a particular or group of expenses, fees, costs, or other cash outflows. Another way to state it, is a budget enables control of fees, costs and expenses. Yet another way to […]

Categories: Conflicts of Interest RuleFiduciary Account ManagementFiduciary duty expertPrudent Investment Management

Tags: Account MonitoringConflict of Interest RuleFiduciary dutyFiduciary ExpertFintechTrust account management

New Fiduciary Standard Rule 401k IRA Rollovers

  • By FE on
(The new rule is also known as the Conflict of Interest rule). American retirees better get used to a new word, fiduciary.  It’s pronounced (fi-do-she-er-ee). In a nutshell, retirees need to better protect their retirement “nest eggs” from financial advisers potentially conflicted 401k plan rollover advice and when they do open an IRA Rollover account […]

Categories: AARPConflicts of Interest RuleIndependent 401k Rollover Analysis ExpertNew Fiduciary Standard RulePrudent Investment ManagementPrudent IRA Rollover investments

Tags: AARPConflicts of Interest ruleFiduciary Standard Rule for 401k RolloversIndependent Expert 401k IRA rollovers