legal books with scale of justice In the Magna Carta, King John conceded to hismiddle-class knights rights and freedoms never before granted — andamong them was the concept of the duty of a fiduciary.(Photo:Shutterstock)

Most people remember King John as the “bad guy” of the RobinHood legend. In fact, it was the beleaguered King John who on June15, 1215 emerged from the misty fields of Runnymede a weakenedmonarch, having conceded to his middle-class knights' rights andfreedoms never before granted by the British Throne.  TheMagna Carta, signed that muggy day, was spawned by many factors,among them: the duty of a fiduciary.

From these medieval times through England, its colonies, andultimately America, came a series of court rulings culminating inthe Restatement of the Law of Trusts (see “Exclusive Interview: Roger Levy Says 401k FiduciaryAdvisers Should Heed Results of Putnam Case,”, March 19, 2019).

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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 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 ( Twitter (