Despite the continued rumblings out of Washington, it's clear the fiduciary fight has moved to the arena where it always should have been: the marketplace. (Photo: Shutterstock)
Remember this: Generals fail because they always believe they're fighting the last battle. Are you one of those generals? Or are you planning for what's next?
Despite the continued rumblings out of Washington, it's clear the fiduciary fight has moved to the arena where it always should have been: the marketplace. Granted, it was difficult to relocate it there while the public remained blissfully ignorant of the meaning and intent of “fiduciary.” In large part, we have the now-vacated DOL Fiduciary Rule to thank for bringing the concept of fiduciary to the broader public. Once John Oliver featured it on his show, we passed the critical point of “public awareness.”
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
