Tag Archives | fiduciary duty

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Obama Improves Personal Finance Decision-Making

Just a week after President Obama’s first Inaugural I started my financial planning practice. Since then, new tools and consumer-friendly policies have offered Americans meaningful opportunities to improve their personal finance decision-making. I’ve seen firsthand how these Obama Administration policies have helped clients with four critical financial challenges: investing for retirement, repaying student loans, buying […]

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Retirees Win With a Fiduciary Duty

The Obama Administration proposed this summer to impose a fiduciary duty on financial advisors that provide retirement advice. This duty includes the duties of due care, loyalty, and utmost good faith when advising a client. This proposal puts investors’ retirement interests first rather than the profit interest of the advisor selling a financial product that may […]

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Low-Cost Funds Coming Soon to Your 401k Plan Thanks to the Supreme Court

On May 18, 2015, the Supreme Court ruled that companies offering 401k plans have a duty to select low-cost investment funds for the plan and to monitor the investments continuously and remove imprudent ones.  This ruling is a huge win for 401k plan participants.  I expect that within the next several months, employers offering retirement […]

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mike wroblewski certified financial adviser

Tips for Hiring a Financial Planner

I have recently been asked to present the basics about personal financial planning and what to look for in hiring a financial planner. In short, a personal financial plan pulls your whole financial life together in one place. By doing so, it allows you to get a good picture of where you are right now. […]

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Are Low-Cost Funds Coming your Employer’s 401k Plan?

On February 24, 2015, the Supreme Court heard oral arguments in a case that could alter the selection of mutual funds in your employer’s 401k plan for the better.  At issue is whether a claim is barred by ERISA’s statute of limitations against an employer plan sponsor that allegedly breached its fiduciary duty of prudence […]

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