Over one year into the GRPAA – Financial Finesse partnership and the innovation doesn’t stop. What is working for GRPAA advisors in the wellness space? “Wellness” isn’t a onsie twosie sale; it is an all-encompassing embracement.
The law firm of Schlicter, Bogard & Denton is viewed by many as the pioneer of excessive fee 401(k) litigation. Some notable cases include Krueger v. Ameriprise Financial, Abbott v. Lockheed Martin, andTibble v.
GRP Founder Bill Chetney appeared on Nasdaq’s The Millennial Report to discuss #LifeGoals and Retirement.
In another of a long list of excessive fee cases, Plaintiffs filed a recent action against Fujitsu Technology and Business of America, Inc. and its advisor, Shepherd Kaplan, LLC, alleging that Defendants breached their fiduciary duties of loyalty and prudence “by designing and administering one of the most expensive large 401(k) plans in the country”.
It may still be a mystery outside our industry, but we all know what CIT stands for – collective investment trust. On a lark, I asked “The Google” what CIT stood for and was shocked by what I didn’t find. Instead of valuable resources, I found “Camper in Training” and “Crisis Intervention Center,” among other search results.
Team GRP gives back!
On April 6, 2016, the U.S. Department of Labor issued its highly anticipated final rule that redefines when a person is considered to be a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (Code).
GRP Advisor Alliance is looking forward to this year’s PLANSPONSOR National Conference in Washington, DC on June 15-17. After making the move from Chicago, the conference is still one of the industry’s only events to bring together retirement advisors, plan sponsors and the providers who support them.
When I left the hedge fund world in 1999 to start Financial Finesse, I’m positive that there was a strong contingent of onlookers who thought I had seriously lost my mind.