fiduciary

Arbitration Isn’t the Best Dispute Resolution Tool

The title of this blog post is, in my opinion, a solid myth.  Good proof of that are recent bills in Congress intending to end binding arbitration because, in general it is:  Unfair.  The process is heavily biased in the industry’s favor  Which is probably why the Securities Industry and Financial Markets Association (SIFMA) is against reforms.  …

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Fiduciary Advisers Who Offer Insurance Products Are Just Out To Make Money

Just to be clear, this blog is about Financial Myths and the name of this post is indeed a myth.  Or can be.  There are “advisers” who sell insurance products in the absence of a financial plan in order to make a quick buck.  But at prevailing money management fee rates (1.02% as of 9/2020)an …

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Top Three Influencers of Fiduciary Advice

I’ve always believed a universal fiduciary standard should exist for anyone who gives advice to others that can affect- and ruin -lives, whether it’s journalists, bankers, stock brokers, teachers or wedding planners.  I don’t know why the fiduciary focus is strictly on finances.  If you hold yourself out as an expert, you’d better not be …

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Annuities and the F-WORD Belong in the Same Sentence.

I’ve had the good fortune to meet and work with Frank Maselli.  He is a brilliant, affable and hilarious adviser to advisers.  Below I’ve simply cut and pasted a great and timely article he just wrote for us advisers. Published on March 8, 2017 LikedUnlikeAnnuities & The F-Word! 25 Comment 6 ShareShare Annuities & The F-Word! …

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Propaganda is Obvious

Because it is excellent, I’ve cut and pasted from a fascinating- and chilling -article by Berit Anderson and Brett Horvath from scout.ai  If you wanted reasons to spend less time on line, well here you go.  The full article is at https://scout.ai/story/the-rise-of-the-weaponized-ai-propaganda-machine  This is a must read.  Thanks Tom Civiletti for your post.The upshot:  political, social …

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Trump’s delay of Fiduciary rules is a good thing.

Well, no, it isn’t. But it could be. To get up to speed, here’s a good summary of the rules: https://www.dol.gov/ProtectYourSavings/FactSheet.htm Yeah, that is a many thousands of words summary.  You should see the whole thing! In a nutshell, the Dept. of Labor’s new rules would have required anyone who gives advice about retirement plans …

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Interview with The Suit Magazine

1. Gary Duell, you are the Owner and Founder of Duell Wealth Preservation. What sparked your interest in this line of work and what were you doing professionally prior to this firm? What is the history of this firm? * I began my career as an agent for Farmers Insurance. *After 15 years I was …

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