Keyword: Principal

Advisers and Commoditization

Plan sponsors regularly reach the conclusion that advisers are all interchangeable because, so often, on paper, all advisers look the same. If plan sponsors adopt this assumption, adviser services can simply become a race to the bottom of a commoditized marketplace.   Read More

What the DOL FAQs Did Not Do

The recent DOL FAQs provided relief in situations where an advisor provided a non-fiduciary service to an ERISA plan prior to the applicability date of the fiduciary regulation, but became a fiduciary on June 9 solely because of the change of definition. However, there are situations that the FAQs did not address.   Read More