Tag: fiduciary rule

Graphs and stock market tickers laid overtop each other

Having recently argued that Bitcoin does not belong in 401(k) plans, a reporter asked me my view regarding private equity.  While private equity – unlike Bitcoin – passes the threshold test under ERISA of being a generally acceptable asset class to a broad group of investors – most importantly trustees of defined benefit plans –…

Business people meeting to analyze financial charts at a table

The Department of Labor’s revised “fiduciary rule” is a great victory for consumers.  The rule is complicated but the goal is to make sure that those in the financial services industry act as fiduciaries – that is act “solely in the interest” of clients – when giving advice regarding people’s retirement saving.  This rule is…