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Fiduciaries And Their Professional Advisors
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Author :Donald A. Walters Publisher :International Foundation of Employee benefit ISBN 13 :9780891546382 Total Pages :203 pages Book Rating :4.5/5 (463 download)
Book Synopsis Fiduciaries and Their Professional Advisors by : Donald A. Walters
Download or read book Fiduciaries and Their Professional Advisors written by Donald A. Walters and published by International Foundation of Employee benefit. This book was released on 2007-01-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trustees and plan sponsors need advisors to help in the administration and maintenance of employee benefit plans. This book explains what disciplines are needed and how to find good advisors. It states that a key skill in the search is not hesitating to ask questions and not hesitating to stay with it until the response is understood. It is the fiduciary's responsibility to make decisions based on good judgment. The book is a must-have for fiduciaries who want to ensure that they are acting in the best interest of their fund. Also available in CD-ROM and e-book formats. Donald A. Walters. International Foundation. 204 pages. 2008.
Download or read book Fiduciary written by Ryan Morrissey and published by Thought Leader Press. This book was released on 2023-04-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Advisor S Guide to the Dol Fiduciary Rule by : Marcia S. Wagner
Download or read book The Advisor S Guide to the Dol Fiduciary Rule written by Marcia S. Wagner and published by . This book was released on 2016-07-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In April of 2016, the U.S. Department of Labor (DOL) released its final rule that greatly expands the DOL's definition of "fiduciary" to apply to a broad range of advisors and broker-dealers who work with retirement related accounts. With many advisors currently operating under a suitability standard, broad imposition of the much stricter fiduciary standard of conduct will be a major change that will be felt by nearly the entire financial services industry. Even advisors who currently meet the fiduciary standard will face new documentation and operational requirements. The Advisor's Guide to the DOL Fiduciary Rule is the premier resource guiding advisors, planners, agents, producers, attorneys and other professionals through the new requirements established by the DOL's significant new rule. Written by one of the most highly respected legal experts in the field, this Guide delivers a powerful combination of expert explanations and legal analysis along with vital Q&As that provide reliable, direct answers to vital questions before they arise.
Book Synopsis Advisors as Fiduciaries by : Arthur B. Laby
Download or read book Advisors as Fiduciaries written by Arthur B. Laby and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Article provides the first sustained account of advice-giving as a fiduciary activity, and it demonstrates that the dominant approach to defining fiduciary relationships is flawed. Leading academic commentators assert that fiduciary relationships only arise when one party has discretion over the assets or affairs of another. Yet, many advisors -- such as lawyers, doctors, and investment professionals -- lack discretion over a principal's assets or affairs, but are nonetheless considered fiduciaries by the courts. The dominant academic view of fiduciary relationships is therefore incomplete because it does not account for purely advisory relationships. Drawing on the interdisciplinary literature on trust and the normativity of advice, the Article demonstrates that imposing a fiduciary duty on certain advisors is not only consistent with contemporary judicial practice, it is also normatively correct. In addition, the Article builds a framework for assessing which advisors should be subject to fiduciary responsibility. Not everyone who provides advice should be subject to fiduciary liability. Thus, the Article proposes factors to determine which advisors should be subject to fiduciary duties. The Article addresses a matter of widespread importance. Most people rely on fiduciary advisors to aid with critical decision-making. Yet, the dominant academic approach would wrongly denude these advisors of fiduciary responsibility merely because they lack discretionary authority over their clients' assets or affairs. This result would have adverse consequences for the advisory relationships on which most people rely.
Book Synopsis The Enduring Advisory Firm by : Mark C. Tibergien
Download or read book The Enduring Advisory Firm written by Mark C. Tibergien and published by John Wiley & Sons. This book was released on 2016-11-30 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide for financial advisors who are ready to embrace new opportunities The Enduring Advisory Firm is a book for the forward-thinking financial advisor. Financial advisement is traditionally a hands-on field, so few in the industry feel threatened by the shifting social and technological landscape. In this book, Mark Tibergien—routinely named one of the most influential people in the financial services world—and Kim Dellarocca make a compelling case for taking a closer look at technology and other big-deal industry trends in order to move the business of financial advice into the next stage of its evolution. Combining a facts-based approach with case studies and examples from the field, The Enduring Advisory Firm will ignite your imagination by demonstrating practical strategies for attracting clients and streamlining operations. Today's smart practice managers are focusing on emerging topics like the needs and expectations of the Millennial generation, mobile and interactive technologies, and growth planning. Responding thoughtfully to these trends, with the help of this book, could propel your financial advising business toward a more successful future. In-depth discussion of trends and forces that you can harness to reshape your financial advisement business Case studies and examples showing how to navigate the most difficult business decisions Innovative ideas for process improvement, more fruitful client interactions, and sustainable growth Tips and insight for attracting Millennial clients and talent by leveraging new technologies The Enduring Advisory Firm will inspire financial advisors, managers, and executives to branch out in ways that will lead to measurable growth. With a newfound focus on the evolution of your business, you might be surprised at where change takes you. In addition to providing RIAs with guidelines to help them succeed, all of the proceeds from this book will support the CFP Board Center for Financial Planning, a national initiative to create a more diverse and financial planning profession so that every American has access to competent and ethical financial planning advice. The Center brings together CFP® professionals, firms, educators, researchers and experts to address profession-wide challenges in the areas of diversity and workforce development, and to build an academic home that offers opportunities for conducting and publishing new research that adds to the financial planning body of knowledge. Learn more at www.CenterforFinancialPlanning.org.
Book Synopsis Ethics for Trustees by : Jane B. Lorenz
Download or read book Ethics for Trustees written by Jane B. Lorenz and published by Author House. This book was released on 2011-05-03 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by two longtime Professional Fiduciaries, "Ethics for Trustees", A Guide for All Who Serve as Trustee, is intended as a guideline for everyone who serves as a Trustee of a Trust; Experienced or inexperienced; Attorneys, Fiduciaries, CPAs, Family Members and Friends, etc. Quotes and concepts have been drawn from personal experience, from the Professional Fiduciary Association of California (PFAC) Code of Ethics and from the most recent California Probate Code (2011). Review by an experienced Trusts and Estates Attorney: Ethics for Trustees is an excellent guidebook that draws together important resources and reference materials. It covers some topics few other writers have addressed, and the authors draw on wealth of personal experience. The writing is clear and concise. It is a valuable addition to my professional library. Meredith G. Alcock Trusts and estates attorney www.aalapc.com Review by an Independent Financial Advisor: Whether you are already serving as a professional trustee or considering taking on this role for the first time, we recommend this book. Serving as a trustee is a challenging responsibility. This book will help you understand what is expected of you and how to best meet the role of trustee. Troy B. Daum, CFP Principal Wealth Analytics www.WealthAnalytics.com The Authors: Jane B. Lorenz, CPA, CLPF has been practicing as a CPA since 1975 and started serving as a Professional Trustee around 1990. Marguerite C. Lorenz, CTFA, CLPF began working with Jane in 2003 and has been serving as a Professional Trustee ever since. This book is a labor of love. They know from experience the challenges facing todays Fiduciary, whether amateur or professional. Many professional Fiduciaries operate as sole proprietors, without partners or staff . Jane and Marguerite have benefitted so much from their partnership and business model, they feel good about sharing some of what they have learned. The Readers: Everyone who is in the Estate Planning Process can benefit from a better understanding of what their Successor can and should do. The documents alone do nothing. The selection of the appropriate Successor Trustee is vitally important, as this is the one trusted to fulfill the Estate Plan provisions. How can the right Successor be selected if the one choosing is not familiar with what the job entails? Reading this concise volume gives the reader just what is needed. Before one accepts the role of Trustee he/she should understand the liability, the ethical issues and the depth of responsibility. We believe that reading this book may prevent family upset and financial disaster.
Download or read book The Index Card written by Helaine Olen and published by Penguin. This book was released on 2016-01-05 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The newbie investor will not find a better guide to personal finance.” —Burton Malkiel, author of A RANDOM WALK DOWN WALL STREET TV analysts and money managers would have you believe your finances are enormously complicated, and if you don’t follow their guidance, you’ll end up in the poorhouse. They’re wrong. When University of Chicago professor Harold Pollack interviewed Helaine Olen, an award-winning financial journalist and the author of the bestselling Pound Foolish, he made an offhand suggestion: everything you need to know about managing your money could fit on an index card. To prove his point, he grabbed a 4" x 6" card, scribbled down a list of rules, and posted a picture of the card online. The post went viral. Now, Pollack teams up with Olen to explain why the ten simple rules of the index card outperform more complicated financial strategies. Inside is an easy-to-follow action plan that works in good times and bad, giving you the tools, knowledge, and confidence to seize control of your financial life.
Book Synopsis Ethics for Trustees 2.0 by : Marguerite C. Lorenz CTFA CLPF
Download or read book Ethics for Trustees 2.0 written by Marguerite C. Lorenz CTFA CLPF and published by AuthorHouse. This book was released on 2020-09-28 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your loved one, or a professional may be your best option as your Successor (Trustee/Executor), but don't select anyone without reading this book first! Too many families are no longer on speaking terms because the chosen person did a poor job, or just did not fulfill the required fiduciary duties. "This little book saved our family from World War III, thank you!!" A. B., 86 years old. Ethics for Trustees 2.0 is for everyone who is getting their estate plan written, as every Trustor needs to select a Successor Trustee. This book is for everyone who serves as a Trustee of a Trust; experienced or inexperienced; Attorneys, Fiduciaries, CPA's, Family Members and Friends, etc., this book can help you better understand what is required to do the job well. Quotes and concepts have been drawn from personal experience based on serving as private professional trustees in California. This book is designed to stimulate discussion in our estate planning community, to emphasize the value of continuing education, and to encourage those who serve as a Fiduciary to do their best.
Book Synopsis 401(k) Fiduciary Solutions by : Christopher Carosa
Download or read book 401(k) Fiduciary Solutions written by Christopher Carosa and published by . This book was released on 2012-04-20 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an economy that demands focused attention, 401k plan sponsors must concentrate on their business, not its employee benefits. Ironically, this same economic environment provides an ideal opportunity to create a retirement plan that can best help employees retire in comfort. Companies achieving this ideal will find it easier to hire quality employees. How can 401k plan sponsors balance these two opposing forces? The answer most likely lies not within the walls of the company, but in its ability to outsource certain key fiduciary duties to recognized leaders in the fiduciary service industry. 401(k) Fiduciary Solutions covers all 401k compliance issues in a single reference source. It is written for plan managers, sponsors and others with 401k plan fiduciary responsibilities. Smart plan participants may also find the book a helpful source for advice on how to actively monitor plan performance and regulatory compliance. 401(k) Fiduciary Solutions helps readers: - Learn the 5 areas of fiduciary liability. - See a benchmarking template on how to best measure your plan. - Read what issues experts and industry thought leaders say matter most. - Discover how to avoid hiring vendors with hidden conflicts-of-interest. - Recognize what academic research suggests will help employees making good decisions. - Find out what industry pros are doing to create better 401k plans. - Follow an easy-to-implement approach to develop effective plan education. 401(k) Fiduciary Solutions contains an exhaustive appendix filled with great resources and useful checklists. Here's What Others Are Saying About Christopher Carosa's 401(k) Fiduciary Solutions: "The collection of material Carosa has compiled in 401(k) Fiduciary Solutions is nothing short of extraordinary. He digs deeply into an expansive set of topics to extract the practical insights diligent fiduciaries can use on a daily basis as they work with their retirement plans." - Mike Alfred, Co-Founder & CEO BrightScope, Inc. "Chris provides a treasure trove of practical & invaluable information and insights for plan sponsors and financial advisors to 401K plans. If you wear either of these hats you MUST read this book." - Harold Evensky, CFP, AIF, President, Evensky & Katz "Carosa demonstrates a knack for cutting through the clutter of investment, administrative and regulatory issues plan sponsors face to uncover the essence of what the reader needs to know and points to great resources for more information." - Blaine F. Aikin, CEO, fi360 "What sets this book apart from others I've seen in this space is the thoroughness of Chris's research, the variety of experts interviewed, and the breadth and depth of the topics covered. The book flows seamlessly from expert to expert and topic to topic. If you are a plan sponsor or in any way provide service and advice to plan sponsors this is a must-have book for your library." - Roger Wohlner, Co-founder Retirement Fiduciary Advisors "Provocative yet conversational, Carosa's book will terrify plan fiduciaries before guiding them on a simple path out of the darkness." - Jan Sackley, Fraud Examiner, PI, Fiduciary Consultant Fiduciary Foresight, LLC "Candid and forthright, Mr. Carosa proves he writes what he knows. The pithy and concise narrative translates the technicalities of the 401k fiduciary area into a relatable expertise." - Jenny Ivy, Managing Editor BenefitsPro.com "To craft, as Chris has on a regular basis, information on a complex subject that is readable, timely, and instructive - as well as occasionally controversial - is a rare gift." - Nevin E. Adams, JD Director, Education and External Relations Employee Benefit Research Institute "Carosa's work is highly regarded in the retirement community. His new book should serve as an essential reference for any plan sponsor or advisor who aspires to a higher fiduciary standard." - Kerry Pechter, Editor & publisher Retirement Income Jo
Book Synopsis Prudent Practices for Investment Advisors by : Fiduciary360
Download or read book Prudent Practices for Investment Advisors written by Fiduciary360 and published by . This book was released on 2006-01-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book defines a prudent investment process for Investment Advisors--professionals who provide comprehensive and continuous investment advice including financial advisors, broker-consultants, investment consultants, wealth managers, financial consultants, trust officers, and financial planners.
Book Synopsis The New Fiduciary Standard by : Tim Hatton
Download or read book The New Fiduciary Standard written by Tim Hatton and published by Bloomberg Press. This book was released on 2005-05-01 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial advisers, trustees, and plan sponsors—in fact, anyone who provides investment advice—may be held to a fiduciary standard of care for the financial well-being of their clients, beneficiaries, or employees. Accountants, attorneys, and wealth managers all need to know about these responsibilities. But what, exactly, is meant by the term fiduciary standard? What must advisers do to be sure their procedures meet legal and ethical standards? This book identifies the 27 Prudent Practices, organized under the Five Steps, that were developed by the Foundation for Fiduciary Studies—measures that professionals can take to demonstrate that they accept, understand, and are fulfilling the role of a fiduciary. Financial advisers and others offering investment advice will add meaningful value to their practice and show tangible evidence of what sets them apart from the pack. Attorneys, CPAs, and others serving as trustees will possess the knowledge to determine whether or not their clients’ investment portfolios are being managed appropriately. Plan sponsors will know what to look for in selecting investment consultants and in giving employees the disclosures and information they need. The most far-reaching trend in the financial-advisory business today is the move toward a fiduciary standard of care. This book establishes for the industry a credible investment-decision process that will meet the growing expectations of investors and regulators for integrity, transparency, and disclosure of fees and conflicts that affect their returns.
Book Synopsis The Essential Advisor by : Bill Crager
Download or read book The Essential Advisor written by Bill Crager and published by John Wiley & Sons. This book was released on 2016-05-16 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leverage the financial services evolution to maximize your firm's value The Essential Advisor presents an insightful handbook for advisors looking to navigate the changing face of financial services. The industry is evolving, consumers are evolving, and many advisors are being left behind as old methods become less and less relevant. This book shows you how to turn this shift into a positive, by positioning your firm to maximize these new opportunities, and deliver the results and experience increasingly expected of financial advisors. You'll learn how to provide the transparency, hands-on interaction, and around-the-clock access today's clients demand, and how to consistently deliver service that robo-advisors cannot duplicate. Emerging technologies do not have to be a threat to your practice—they are tools that represent opportunities to provide greater service to your clients, and smart technology integration will be a hallmark of firms that survive the shift. This guide provides a clear vision of the future of financial services, and an indispensable management framework for maximizing your firm's future value. Advisors are increasingly confused about what clients are seeking, and clients are equally confused about what advisory firms offer that alternatives cannot. This book helps clear the air on both sides by examining the client's perspective of financial services, and helping advisors better communicate their strengths. Articulate the value of your services Leverage new technology to complement your practice Capitalize on opportunities and maximize your firm's value Position your firm to benefit from the changing consumer population Financial advisors can only grow their businesses if clients know what they do, know how to hire them, and can access them affordably. The Essential Advisor shows you to bring your firm into the future successfully.
Book Synopsis The Fiduciary Obligations of Financial Advisors Under the Law of Agency by : Robert H. Sitkoff
Download or read book The Fiduciary Obligations of Financial Advisors Under the Law of Agency written by Robert H. Sitkoff and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers how agency fiduciary law might be applied to a financial advisor with discretionary trading authority over a client's account. It (i) surveys the agency problem to which the fiduciary obligation is directed; (ii) examines the legal context by considering how the fiduciary obligation undertakes to mitigate this problem; and (iii) examines several potential applications of agency fiduciary law to financial advisors, including principal trades and the role of informed consent by the client, organizing the discussion under the great fiduciary rubrics of loyalty and care. This paper was sponsored by Federated Investors, Inc.
Book Synopsis Art Collecting Today by : Doug Woodham
Download or read book Art Collecting Today written by Doug Woodham and published by Allworth. This book was released on 2018-04-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An insider's guide to buying, collecting, and selling art from an insider of Christie's Grounded in real-life stories, Art Collecting Today is the essential practical guide to today's art market. A lightly regulated industry with more than sixty billion dollars of annual sales, the art market is often opaque and confusing to even the most experienced collectors. But whether a seasoned collector, an uninitiated newcomer, or an art-world insider, readers will learn within these pages how the art marketplace works in practice and how to navigate it smartly. Those who may have been put off by art-world practices will finally feel they have the knowledge needed to participate freely and fully, and collectors will be able to pursue their passion with more confidence. Important topics covered include: How to evaluate, buy, and sell art while avoiding costly mistakes and time-consuming roadblocks How the market works in practice for essential artists like Ren? Magritte, Christopher Wool, Amedeo Modigliani, and Yayoi Kusama How collectors can be taken advantage of, and the actions they should take to protect themselves Why tax laws in the United States reward "art investors" yet penalize "art collectors" How cultural property laws impact the market for works by such artists as Frida Kahlo and Andy Warhol Advice for new and prospective collectors Informed by close to one hundred interviews with collectors, lawyers, art advisors, gallerists, and auction specialists in the United States and Europe, as well as by the author's own experiences, Art Collecting Today offers a lively and thought-provoking analysis of the day-to-day workings at play today in the fine art marketplace.
Book Synopsis The Four Pillars of Retirement Plans by : David B. Loeper
Download or read book The Four Pillars of Retirement Plans written by David B. Loeper and published by John Wiley & Sons. This book was released on 2009-05-27 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for The Four Pillars of Retirement Plans "This up-to-the-minute book shows how the Supreme Court's recent LaRue decision has reshaped the world of retirement plans. Rules governing fiduciaries of defined benefit plans may no longer protect fiduciaries of defined contribution plans and may actually harm them. The Four Pillars of Retirement Plans is indispensable for plan sponsors and other fiduciaries, and for all those advising them, including investment advisors and attorneys." —W. Scott Simon, JD, CFP, AIFA, author of The Prudent Investor Act: A Guide to Understanding and Morningstar "Fiduciary Focus" columnist "This book is a must-read for all plan sponsors, financial advisors, and ERISA attorneys if they have any hope of defending themselves from the mountain of litigation looming on the horizon for all participant-directed retirement plans and provides a road map to easily modify antiquated procedures born in the defined benefit era that contradict today's participant-directed retirement plans. Plaintiff's counsel is sure to have read this book; if you don't, you will be defenseless in these suits." —Edward Siedle, Esq., "The Pension Detective" and President of Benchmark Financial Services, Inc. "If you are a trustee, plan sponsor, or financial advisor serious about the retirement plan marketplace, you MUST read this book, or you will be ill-equipped to deal with the fiduciary meltdown non-readers will be facing." —John Lohr, ERISA attorney and author
Book Synopsis Managing Family Trusts by : Rob Rikoon
Download or read book Managing Family Trusts written by Rob Rikoon and published by John Wiley & Sons. This book was released on 1999-07-12 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Family Trusts is an uncompromising, nuts-and-bolts guide to the world of family trusts. Written by a seasoned expert with many years of firsthand experience in the field, it describes how financial professionals can help beneficiaries loosen the grip of unresponsive or inefficient trustees, assert their rights as inheritors, and assume greater responsibility for their own financial lives. Managing Family Trusts provides a complete set of tools to all those concerned with the business of building better, more satisfying fiduciary arrangements and presents a rare insider's view of how this world operates and details its unique challenges and rewards.
Book Synopsis The Advisor's Guide to the Dol Fiduciary Rule, 2nd Edition by : Marcia S. Wagner
Download or read book The Advisor's Guide to the Dol Fiduciary Rule, 2nd Edition written by Marcia S. Wagner and published by . This book was released on 2018-12-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Labor's (DOL) fiduciary rule constitutes the single biggest change in the financial advisory area since the passage of ERISA, but the DOL fiduciary rule was invalidated by a federal court of appeals last year. That begs the question then of what rules do apply for financial advisors helping clients make important decisions affecting their retirement? As a result, every attorney, advisor, or consultant whose practice, or the practice of their clients, directly or indirectly include advising on retirement plans must ensure they are in compliance with the new DOL Fiduciary Rule. The Advisor's Guide to the DOL Fiduciary Rule, 2nd edition, explains in detail what practices are permitted, prohibited, and required when dealing with retirement accounts. This includes the rendering of advice, fee structures, developing training courses, evaluating operating procedures and forms, and correcting noncompliant activities. Written by two of the most respected legal experts in the field -- Marcia Wagner, founder of the Wagner Law Group, and Barry Salkin, also of the Wagner Law Group, who have been practicing in the area of ERISA and employee benefits for many years -- this 2nd edition has been fully updated, including: Valuable information on the current Fiduciary Rule now in place as a result of court invalidation on the most recent fiduciary rule Current status and analysis of proposed SEC rule Current state of financial industry on compliance Employee benefits consultants or specialists Potential scenarios for 2019 And more! With this latest edition, advisors, planners, agents, producers, attorneys and other professionals will be able to confidently navigate the change surrounding this rule.
