27 Mar 2015

Are Retirement Planners Whistling Past the Graveyard?

The retirement situation is changing so rapidly that it’s not realistic to continue practicing retirement planning like advisers did a few years ago. The new political and investment reality is leaving most financial pros in the dust. Their clients know more about these basic changes than the professionals. The demise of

Chuck Epstein 0
18 Nov 2014

Principal CEO Says Investors Cannot Understand Benefits of ETFs and Alternative Investments

CEOs set the tone for their companies in every respect–behavior, motivation, intellectual curiosity, innovation and ethics—so it was not surprising to hear that the Larry Zimpleman, CEO of Principal Financial Group ($114 billion in assets under management), my former employer, criticized some of the most innovative products in modern financial

Chuck Epstein 0
19 Apr 2012

Revenue sharing lawsuit costs plan sponsor $35 million

In what is being called the first suit involving revenue sharing and fee disclosure and heightened transparency, a Missouri company has been ordered to pay $35 million to current and former plan participants. The lawsuit  (Ronald Tussey et al v. ABB Inc. et al, Case No. 2:06-CV-04305-NKL, United States District

Chuck Epstein 0
01 Nov 2011

Why Mutual Fund Companies Want You To Be Confused

Most of the discussions about the need for greater transparency in financial transactions has centered on the need to adopt greater fiduciary responsibilities. But there is also another reason: economic. Mutual funds benefit financially from the lack of transparency.  When fund companies make it difficult for investors to choose between

Chuck Epstein 0
29 Oct 2011

Can Mutual Fund Wholesaler’s Salaries Be Justified?

One of the biggest problems facing the mutual fund industry’s relationships with its millions of shareholders is justifying fund wholesalers’ salaries. This is a contentious and sticky issue for a few reasons: First, mutual fund wholesalers really don’t add anything which directly benefits shareholders. In theory, they should be reducing

Chuck Epstein 0