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Ideas and tips for advisors on marketing, prospecting, sales, fees -- the things that ensure you'll have a practice to manage now and in the future.
Sommer describes the brokers or insurance agents that served plans with less than $50 million in assets prior to the rule as “accidental fiduciaries”—they played the role of fiduciaries without being beholden to a best interest standard. (Photo: Shutterstock)Broker-dealers who service 401(k) plans dodged a bullet when a federal court vacated the Labor Department’s fiduciary rule last spring.
Or did they?
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
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