article thumbnail

Fiduciary Duties of Trustees in the Age of COVID

Wealth Management

Court finds that trustee failed to carry out contractual obligations

article thumbnail

Fiduciary Papers #3: Attorneys as Financial Advisors: Resources for Aiding in the Establishment of Your RIA Firm

Ron A. Rhodes

Fiduciary Duties and RIA/BD Regulation Personal Development and Student Success ARGI ARGI FINANCIAL GROUP ARGI Investment Services ATTORNEYS fiduciary FIDUCIARY PAPERS Professor Money Bear Professor Money Bear; Money Bear; The Fiduciary Papers RIA Ron RhoadesAttorneys and law firms often consider starting a financial services practice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Lawsuits Threaten the Target Date Fund Industry

Advisor Perspectives

These lawsuits open the door to a related and scandalous breach of fiduciary duty – excessive risk A new wave of lawsuits alleges that Blackrock’s target date funds (TDFs) have underperformed.

article thumbnail

Dell Technologies to pay $1 billion settlement in suit stemming from 2018 Class V stock deal

MarketWatch

The plaintiffs generally alleged that the director defendants and the stockholder defendants breached their fiduciary duties under Delaware law to the former holders of the Class V common stock in connection with the Class V transaction by offering a transaction value that was allegedly billions of dollars below fair value," according to a filing. Dell Technologies Inc.

article thumbnail

F45 Training says it'll study buyout offer, stock dips after rally

MarketWatch

On Monday, F45 confirmed it received the non-binding buyout offer and said it'll evaluate it as part of its fiduciary duties as it "pursues the course of action it determines to be in the best interests of the company and its stockholders," the company said. F45 Training Holdings Inc. shares dipped 1.3% in premarket trades on Monday after rocketing 41% on Friday, when Kennedy Lewis Management LP offered to take the small-cap fitness studio operator private for $4 a share in cash.

article thumbnail

How to Choose a Personal Financial Advisor

Park Place Financial

A key indication of an advisor’s dedication to acting in the client’s best interest is the mention of fiduciary duty. Some advisors do not observe fiduciary duty but are bound to a suitability standard. Are they fiduciary?

article thumbnail

INDUS Realty Trust stock jumps after receiving cash buyout bid at a more than 13% premium

MarketWatch

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the company's Board of Directors will carefully review the proposal to determine the best path forward for the company that maximizes value for all of the company's shareholders," INDUS said in a statement. Shares of INDUS Realty Trust Inc. shot up 10.0%

article thumbnail

Tax and Financial Planning Ideas For 2023

Park Place Financial

Park Place Financial adheres to its fiduciary duty to put clients’ needs above our interests. FINANCIAL PLANNING Tax and Financial Planning Ideas For 2023 Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE.

article thumbnail

What Is a Fiduciary?

Carson Wealth

CFP ® , Director of Consumer Investment Research  Being a fiduciary is holding a duty to a client that a financial advisor will act in the best interests of the client rather than the best interests of the advisor, the advisor’s employer, or any other entity. This may sound simple.

article thumbnail

5 Ways to Catch Up on Retirement Planning Later in Life

Park Place Financial

Since we observe our fiduciary duty, you can trust you will receive the utmost transparency when you partner with our team. . Retirement Planning 5 Ways to Catch Up on Retirement Planning Later in Life Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE.

article thumbnail

Structured Product Benefits

Park Place Financial

At Park Place Financial, we observe our fiduciary duty to always act in our client’s best interest, meaning you will receive the utmost transparency whenever you rely on us for financial.

article thumbnail

How to Calculate How Much You Need to Retire

Park Place Financial

Park Place Financial observes its fiduciary duty to act in our client’s best interest, putting your needs above our profits. Retirement Planning How to Calculate How Much You Need to Retire Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE.

article thumbnail

The SEC’s Own Compliance Culture

Inside Information

Like fiduciary, for example. Recently, we heard compelling evidence that the SEC wants to downplay the fiduciary concept among the organizations it regulates. Using phrases such as “an investment advisor who is held to the fiduciary standard” is likely to be inappropriate and misleading.” We might argue that no advisors we know are holding themselves to a fiduciary standard in order to achieve some kind of marketing advantage over the brokerage office down the street.

article thumbnail

How to Lower Your Financial Advisor Expenses

WiserAdvisor

Ensure that the financial advisor is bound by fiduciary duty. A fiduciary refers to an individual who acts in your best interests at all times and is legally bound to place your interests before their own.

article thumbnail

Estate Planning in this Economic Climate

Park Place Financial

Our team utilizes financial strategies backed by hard-date and academically validated principles and adheres to our fiduciary duty in all dealings. Estates Estate Planning in this Economic Climate Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE.

article thumbnail

ESG: Virtue or Vice? Wrong Question.

Brown Advisory

But that desire has been criticized for running afoul of the concept of fiduciary duty–in simplified terms, the duty to act in a client’s best interests at all times. 1 Isn’t this a fiduciary’s responsibility, over the long term, to its pension beneficiaries?

article thumbnail

ESG: Virtue or Vice? Wrong Question.

Brown Advisory

But that desire has been criticized for running afoul of the concept of fiduciary duty – in simplified terms, the duty to act in a client’s best interests at all times. 1 Isn’t this a fiduciary’s responsibility, over the long term, to its pension beneficiaries?

article thumbnail

Is Robinhood Safe?

Good Financial Cents

SEC.gov (17th, December 2020) SEC Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution ([link].

article thumbnail

Investing in a Resilient Future: Our Role in Supporting the Climate

Brown Advisory

For our part, as an investment firm, we must view climate decisions through the lens of our fiduciary duty to generate attractive investment returns that help our clients achieve their goals over the long term. Investing in a Resilient Future: Our Role in Supporting the Climate.

article thumbnail

Brown Advisory 2020 Sustainability Report

Brown Advisory

General commitments to ethics and fiduciary duty. Brown Advisory 2020 Sustainability Report. ajackson. Thu, 06/18/2020 - 13:03. We are pleased to share Brown Advisory’s first corporate Sustainability Report.

article thumbnail

The Importance of a Certified Financial Planner (CFP) for Your Financial Planning

WiserAdvisor

In addition to knowledge and experience, another noteworthy benefit a CFP brings to the table is that of being a trusted fiduciary. This is done to establish a fiduciary duty within the candidate and make them a reliable, upstanding member of the fraternity.

article thumbnail

Three Qualities of a Successful Investment Adviser

Truemind Capital

Fiduciary duty should be on the top of the mind of any genuine adviser. Your job is to find the right adviser and let her manage your portfolio based on the stated investment objective while you tend to your professional and personal duties & interests. 🔊 Play Audio.

article thumbnail

Should you die and go to hell before selling an annuity?

Sara Grillo

Do advisors breach fiduciary duty when they fail to recommend annuities? Should the insurance companies themselves and/or others who provide marketing services and who assist advisors in marketing/selling annuities or insurance products also be held to the fiduciary standard? #1

article thumbnail

4 Financial Concerns High-Net-Worth Individuals Face

WiserAdvisor

For instance, you can hire a fiduciary. Fiduciary duty mandates the advisor to keep your interests ahead of theirs. Financial planning for high-net-worth individuals can be a bit more complicated than the rest. High-net-worth individuals have a net worth of $1 million or above.

article thumbnail

6 Tips to Avoid Financial Fraud and Guard Your Investments

WiserAdvisor

If you wish to learn and understand the different confidence schemes, fraudulent tactics, and trickery used by financial fraudsters, use WiserAdvisor’s free advisor match service to find highly qualified and vetted fiduciary advisors who can guide you on the same.

article thumbnail

How the SEC Has Strayed From Its Mission

Inside Information

If the petitions get traction, it could bring about huge shifts in the regulatory playing field for fiduciary advisors and Wall Street—and benefit financial consumers perhaps most of all. One of the XYPN petitions asks the SEC to greatly expand on its 2018 proposal to limit what brokers and registered reps are allowed to call themselves if they continue to refuse to register as RIAs and avoid bringing themselves under the fiduciary regulatory structure.

article thumbnail

Sustainable Investing: Considerations for Trustees

Brown Advisory

And recent IRS guidance has cleared the way for ERISA fiduciaries to incorporate mission-related investments more broadly in their portfolio strategies. To be sure, sustainable or mission-based investing is not inherently at odds with a trustee’s fiduciary duties.

article thumbnail

The Other 95%

Brown Advisory

This specificity helps guide the nonprofit’s board and investment committee members as they carry out their fiduciary duty. Specific Options for Sustainable Investment Portfolios Fiduciary Considerations for Program-Related and Mission-Related Investments. The Other 95%. achen.

article thumbnail

Conversation with the Portfolio Manager: Sustainable Core Fixed Income Strategy

Brown Advisory

This is particularly tricky for some of our clients, who serve on endowment or foundation boards that have a fiduciary duty to balance mission alignment with performance expectations. Conversation with the Portfolio Manager: Sustainable Core Fixed Income Strategy. achen.