If you've never watched the classic movie Giant, you should. It's an epic tale that makes Dallas seem like Fort Worth. In it, James Dean plays a renegade wildcatter Jett Rink, who comes from the wrong side of the fence. Long bullied by the cattle baron aristocracy of Elizabeth Taylor and Rock Hudson, the wildcatter finally strikes oil and becomes stinking filthy rich like only you can in Texas.
Things come to a head at one point and a huge fist fight breaks out. The young oilman leaves and one of the ranchers turns to Rock Hudson's character Bick Benedict and says, "Bick, you shoulda shot that fella a long time ago. Now he's too rich to kill."
Could it be we wouldn't be having this whole fiduciary standard debate if the dual registrant industry weren't too big to kill?
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
