Category Archives: Fiduciary Matters

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“Watching the Detectives”: The ERISA version

That’s Declan Patrick MacManus pictured above, but we know him by his stage name Elvis Costello, the English singer-songwriter of Irish heritage. The picture is actually the cover art for Watching the Detectives, the 1977 single by Elvis Costello and his backing band, the Attractions, which gave him his first UK hit single. It’s my … Continue Reading

Things to do as a fiduciary

Each week Nevin E. Adams, JD, PLANADVISER Editor-in-Chief writes a column called IMHO (In My Humble Opinion), and he’s always a good read. He’s just published a two-part series that’s an excellent, common sense approach for fiduciaries that’s definitely worth keeping handy. It’s called “To Do” List: 10 Things You’re (Probably) Doing Wrong—or Not Doing … Continue Reading

The practical side of being a fiduciary

That’s Les Stroud pictured above whose TV show, Survivorman, is one of my favorites. One of my other favorites is Bear Gyylls show, Man Versus Wild.    Both are survival experts who go toe-to-toe with some of the harshest environments on the planet and come through alive. So if you’ll grant me some editorial license, Les’s picture is the visual metaphor I’m … Continue Reading

What every fiduciary should know about their brokers … and also their custodial banks, and financial contracts

I’ve got that queasy feeling again in my stomach. The recent collapse of Bear Stearns gave me flashbacks to the 1990s during which we struggled with insolvency issues affecting ERISA plans. If you were around back then, you’ll remember the insurance companies that failed or were seized by insurance regulators as a result of failed … Continue Reading