A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts ...

One of the most common issues arising in the context of estate and trust administration in my experience is the refusal or failure of a fiduciary to account to the beneficiaries and/or the cestui que ...

The Department of Labor issued new rules that will require financial advisers handling 401(k)s and individual retirement accounts to act in the best interest of their clients. Previously brokers were ...

Last week the Senate voted 56 to 41 to repeal the Department of Labor’s (DOL) new fiduciary rule. However, while serving out the rest of his term in office, President Obama vowed to veto any ...

I wanted to report on my meeting with JPMorgan today. They were very nice, very polished. They handle private accounts and were confident that we could easily transfer my money over to them. They told ...

Regardless of how regulators resolve the fiduciary issue, more client assets than ever are being held to a fiduciary standard, according to a report by Cerulli Associates. Almost $18 billion — or 42% ...

Broker-dealers are waiting to see whether the Department of Labor softens its stance on the best-interest standard in the proposed fiduciary rule. If so, then it could quell industry threats to cut ...

As a first-generation American who grew up in a low-income neighborhood, I know the challenges that working families face in building a solid financial future for themselves. So, when the federal ...