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Fiduciary Responsibility

Is American Capitalism Becoming More Human?

Carla Seaquist | Posted 04.18.2016 | Politics
Carla Seaquist

Suddenly, capitalism American-style looks a little more human and a little more fair, if recent developments on the business front become a trend.

Get the Hell Out(side)

Elliot S. Weissbluth | Posted 02.22.2016 | Business
Elliot S. Weissbluth

In addition to their health benefits, the common theme of these activities is that they demand dedication over time to achieve real growth.

Why I Don't Really Care Where You Went to School

Elliot S. Weissbluth | Posted 09.05.2015 | Business
Elliot S. Weissbluth

We all know which schools are the "good ones." If you went to one, good for you. Good grades don't predict success.

On The 75th Birthday Of The 1940 Act, A Reminder Of The F-Word's Power

April Rudin | Posted 09.02.2015 | Business
April Rudin

September is here and there is no better season to celebrate the F word: F, in this case, for the fiduciary standard. For one thing, the month of September has just launched

Fiduciary Rule: The Real Agenda

Dan Solin | Posted 07.07.2016 | Business
Dan Solin

There's a powerful agenda behind the opposition to the rule proposed by the U.S. Department of Labor (DOL) requiring that advisors to retirement plans be fiduciaries: The securities industry wants to preserve its ability to give conflicted advice. There's a lot at stake.

State of Financial Services: Everyone Wins When We Combine High-Touch with High-Tech

Elliot S. Weissbluth | Posted 06.15.2016 | Business
Elliot S. Weissbluth

Financial services (my industry) is on the verge of a renaissance: a resurgence of sophisticated human thought, service and guidance supported by unprecedented technological innovation.

The Broker Shell Game on the Fiduciary Issue

Dan Solin | Posted 06.14.2015 | Money
Dan Solin

Don't do business with brokers who will not confirm in writing that they are fiduciaries to you. In my experience, brokers will not make this representation and instead will try to persuade you that the "fiduciary issue" is a red herring. Don't be fooled. It's a really big deal.

One Surprising Way a Small Business Could Save $2,177,157

James C. Gibson | Posted 04.26.2015 | Small Business
James C. Gibson

When's the last time you reviewed your business retirement plan? Find a fiduciary investment adviser who can go over your current company plan and give you a second opinion. It may just save you millions.

A Makeover for Capitalism

John G. Taft | Posted 04.25.2015 | Business
John G. Taft

Capitalism is at an inflection point. While its next iteration is a work in progress, what is clear is that capitalism will need to evolve and change to retain its status as the world's dominant socio-economic model. And it will need to do a better job of delivering what society really wants.

Happiness: The Holiday Edition

Matthias Paul Kuhlmey | Posted 02.16.2015 | Money
Matthias Paul Kuhlmey

Most of today's society is focused on the maximization of output and respective consumption. We have replaced true happiness related to accomplishment and shared experiences with rather questionable metrics of 'consumptive joy.'

Great Company Required

Matthias Paul Kuhlmey | Posted 11.11.2014 | Business
Matthias Paul Kuhlmey

It is evidently a no-brainer, and yet a broadly misunderstood concept: Happy employees make better companies, and better companies (should) make more money. However, translating this formula into reality is an entirely different conversation.

You Only Live Once, So Do It Warren Buffett's Way

John G. Taft | Posted 10.28.2014 | Healthy Living
John G. Taft

Buffett used his punch-card analogy in an investment context. It's consistent with his belief that really profitable investment decisions are few and far between. But I think the punch-card analogy applies equally well to life, and to the decisions that define and shape our lives.

'Tuition... Freeze!'

Jordan Waxman | Posted 10.28.2014 | College
Jordan Waxman

Could it be that the cost of operating a university -- technology, wages and infrastructure -- is rising at triple the rate of other technology, wages and infrastructure simply by being inside an institution of higher learning?

Out of Office: You Need to Unplug to Recharge

Elliot S. Weissbluth | Posted 10.06.2014 | Business
Elliot S. Weissbluth

Ever since my geeky adolescence, I've loved to read. Reading enhances vocabulary, strengthens analytical thinking skills, improves focus and concentration, and leads to better writing.

Happy Ending

Matthias Paul Kuhlmey | Posted 07.07.2014 | Business
Matthias Paul Kuhlmey

The increase in "distance learning" options, including so-called massive open online courses (MOOCs) is astonishing, and will be important for fostering required change in higher education.

It's Not What You Make, It's What You Keep That Matters

Jordan Waxman | Posted 05.18.2014 | Money
Jordan Waxman

With income and capital gains taxes on the rise, and interest rates as low as they are, it is more important than ever to achieve sufficient after-tax cash flow and keep the tax man at bay.

A Guide to Managing Someone Else's Finances

Jason Alderman | Posted 03.24.2014 | Business
Jason Alderman

Anyone who's ever been asked to step in and manage their parents' or someone else's personal finances can tell you that it's an awesome responsibility -- and by "awesome," I don't mean "totally cool." It's more like "inspiring an overwhelming feeling of fear."

When Doctors Become Salesmen, Patients Pay the Price

David Magee | Posted 02.04.2014 | Business
David Magee

I ran the numbers. My 20 percent co-pay on their inflated price was more than I would have paid had I bought it online and left my insurance company out of it. It gnawed at me.

The Tobacco Industry Is More Transparent Than Finance, And It's Time to Change That

Elliot S. Weissbluth | Posted 01.25.2014 | Business
Elliot S. Weissbluth

As it stands now, too many financial service firms are handing investors a cigarette and suggesting they inhale, all the while trying to convince them that these actions are good for them.

B Corps: What's the Use?

Michele Masterfano | Posted 10.26.2013 | Business
Michele Masterfano

We have moved so far into the notion of every man for himself that we have to add complexity to our business law to ensure that there are at least a few companies that have figured out how to be good citizens as well as profitable.

The Intelligent Investor Series 2: Airing Wall Street's Dirty Laundry, Investors Deserve Better

Steven Abernathy | Posted 07.24.2013 | Business
Steven Abernathy

Investors should not be sold a bill of goods. If a financial professional is simultaneously able to be both a fiduciary and a salesman, there is no true fiduciary responsibility.

Does Your Broker Make You Broker?

Terry Savage | Posted 09.09.2013 | Business
Terry Savage

The brokerage industry pays lip service to the idea of adding customer protections. But behind the scenes, financial services executives are waging a stalling war on any new requirements.

Goldman Execs Win Dismissal Of TARP, Mortgage Lawsuit

Reuters | Posted 10.14.2012 | Business

Aug 14 (Reuters) - Goldman Sachs Group Inc officials won the dismissal of a shareholder lawsuit accusing them of breaching their fiduciary duties by...

A Perfect Failure: Why the 401(k) Has Been a Flop

David Callahan | Posted 08.07.2012 | Money
David Callahan

It is easy to forget that 401(k) plans have only been around for three decades. We have learned a lot in that period, and the jury is now in: The 401(k) experiment has failed. This system does a better job of enriching the financial sector than in providing retirement security to Americans.

Again? Throw the Bums Out!

Michael Farr | Posted 01.21.2012 | Business
Michael Farr

What should we expect of firms like MF Global and Merrill Lynch and Morgan Stanley? It's really not that complicated. The ethical standards are pretty clear.