A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts ...

The DOL's fiduciary duty rule requires firms to put investors first. The rule led firms to switch to fee-based accounts. Fee accounts could cost investors 60% more than commission accounts. When the ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Transcripts from a tough SEC hearing called earlier this month show it's not just the Department of Labor considering changes to the application of the fiduciary standard. The Securities and Exchange ...

Witnesses called to testify at a House hearing disputed whether small balances would still be served under the retirement security proposal and whether annuities are more stringently regulated.

When can lifetime income investment options be considered QDIAs? The DOL offers some insight in Advisory Opinion 2025-04A, which it issued on Sept. 23.

As a first-generation American who grew up in a low-income neighborhood, I know the challenges that working families face in building a solid financial future for themselves. So, when the federal ...

This article, the first in a series, discusses settling fiduciary accounts informally rather than the fiduciary being compelled pursuant to SCPA §2205 or through the voluntary judicial settlement ...

This article provides practical guidance to create a bulwark against breach of fiduciary duty claims by documenting ...

Fiduciary responsibility is the obligation one party has to another to act entirely on the other party’s behalf and best interest. In the financial services world, a fiduciary is an entity (person or ...