I might not be a lobbyist or a politician, but I do know a little bit about history. I seem to recall a very divisive issue once faced by our government. Before it was ultimately decided, legislators agreed to a series of compromises. These agreements placated both sides of the argument – at least for a while.
The wheels of ideation began churning when I interviewed Harold Evensky last week (see "Exclusive Interview: Harold Evensky says Robo-Advisors 'Roadmap to a Rocky Future'," FiduciaryNews.com, July 22, 2014). He described his "You" test as a way to define whether a fiduciary relationship exists. He wanted that to supersede any title or business model when it comes to triggering a service provider's fiduciary duty.
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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).
