Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Transaction-based fees are a form of self-dealing. We don’t want self-dealing within the context of a fiduciary relationship, but, without it, our financial markets could seize up and die. (Photo: Shutterstock)

Back before 1215 A.D., when crusading knights sought to fulfill their spiritual pledge, they would leave their families and their farms for extended periods of time. To safeguard what they left behind, the crusaders selected proxies to watch over their hometown property and kin. Most often, the default proxy was King John or someone allied with King John.

Christopher Carosa


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.