The Adviser's Duty of Loyalty
Fred Reish and Joan Neri co-authored an article for PLANADVISER magazine discussing the duty of loyalty of a fiduciary adviser under ERISA. Specifically, the article explains that the legal duty of a fiduciary adviser runs directly to the participants and this duty overrides any duty the fiduciary adviser may have to the plan sponsor.
Read the article here. *Subscription is required.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
Meet the Authors
