Long, long ago, possibly in a Ford Galaxy far, far away, there was a universal fiduciary standard. It covered all registered investment advisors (it still does, but RIAs aren't what they used to be). It covered all retirement plan service providers (granted, for only one year). But then, strange new things happened. Regulators went where no regulator had gone before…
Facts like these go whizzing by like the surreal opening of "Twilight Zone" when you have a chance to talk all things fiduciary with famed lawyer Tamar Frankel (see "Exclusive Interview with Tamar Frankel: DOL Should Return to ERISA's Original Definition of Fiduciary," FiduciaryNews.com, July 23, 2013). She is such a repository of history, knowledge and philosophy that we simply must recognize her as the icon she is. While she knowingly suggests regulators turn back the hands of time, her theme almost denies that possibility.
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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).
