To Be, or Not To Be (a Fiduciary)

Feb. 11, 2011 3:58 PM ET

9 Followers

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Seeking Alpha Analyst Since 2011

We are the employees of Smart401k. Contributions to Seeking Alpha come from our investment advisers, our president and CEO, our vice president and our financial communications specialists. Smart401k is a web-based investment adviser providing unbiased investment recommendations for employees participating in employer-sponsored retirement plans. We provide personalized investment advice based on the funds in an individual's plan and that person's unique financial situation. We're online at www.smart401k.com.

As advisers weigh how the newly proposed definition of a fiduciary is going to affect their business, many are considering outsourcing certain functions that clearly place them in the role of a fiduciary. One function in particular that seems to have advisers talking is the role of participant-level investment adviser. Here is a decision tree to help you decide whether you want to offer participant advice yourself or outsource that function to a third party provider.

Scott Swezy
Vice President, Smart401k

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You