Are you watching? Did you know it costs shareholders $115B Fees and Expenses to own US Mutual funds and ETFs – each year? Is the cost justified by an annual Fiduciary Account Compliance Expense Audit (FACE) Audit included in the Read More …
Philanthropist and socialite Brooke Astor, 105, passed away in 2007. Her now 89 year old son (but not Vincent Astor’s son) Anthony Marshall, the court found used undue influence to gain access to and loot her $200 million estate. Underscoring the Read More …
As much as they seem to make sense, important customer account details or files can be lost, get confused or incomplete when more people interact like teams, groups, companies with forms, documents, agreements and rules and regulations. Claims involving introducing Read More …
What a gorgeous lobby Take a look at the outside from street level Check out the stacked upper floors, and the gleaming polished granite exterior… The look, the design, the glow of polished Read More …
Readers note: we seldom publish but when we do, it’s intended for leaders and fiduciaries who take those responsibilities seriously. And for boards, shareholders, employees, ERISA, Taft-Hartley and public pension plans and participants and beneficiaries thereof, trust beneficiaries and non-profit Read More …
Taxonomically the sudden surge in demand for toilet paper is likely to bear similar hallmarks to the incipient spike in litigation claims for breach of fiduciary duty. These claims are likely to appear in: partner, business, employment and compensation disputes, Read More …
Fiduciary Liability Exposure Checklist List of potential pitfalls for Board Members and Trustees and for Attorneys, Business Managers and CPAs related to Clients who serve as Trustees or Board Members Before getting into the heavy stuff, please allow us to Read More …
The good tidings of the holidays and beginning of 2019 new year bring with it fervent hopes for things to improve, get better and this: for switches in trustees. Concern #1 points out the obvious but as of now, nebulous, Read More …
A budget, like lane markers on a freeway is a basic tool to help provide guidance as to the amount or range estimate for a particular or group of expenses, fees, costs, or other cash outflows. Another way to state Read More …
It’s Oscar night and Three Billboards Outside Ebbing, Missouri is one of the favorites of nine films nominated for Best Picture. Three Billboards grossed about $123 Million, not too many folks including perhaps some Academy members have even seen the Read More …
(The new rule is also known as the Conflict of Interest rule). American retirees better get used to a new word, fiduciary. It’s pronounced (fi-do-she-er-ee). In a nutshell, retirees need to better protect their retirement “nest eggs” from financial predators’ Read More …
Exactly 10 years ago AIG raised a red flag ahead of the 2008 financial crisis; few paid attention. On August 9, 2003, ten years ago to the day, The New York Times headline read forebodingly “To insurers, a long free Read More …
McFideo™ finds financial predators. How would you know if there’s a financial predator lurking around your assets or accounts? CNBC reported Bernie Madoff, Scam of the Century. How can you spot a financial predator? What does a financial predator look Read More …
The Righteous Brothers #1 hit debuted in the US in 1964 and became the most played song of the 20th century. The song soulfully describes a difficult personal, sometimes found to infect business relationships. You’ve always been “loved” You were number a top Read More …
