There are so many titles floating around the retirement plan community that many plan sponsors have become numb to the differences and roles of their advisors. Clients of The Waterford Group utilize our services as an Employee RetirementIncome Security Act of 1974 (ERISA) § 3(38) fiduciary, and there is a reason we believe there is an important distinction that needs to be reinforced.
Breaking Up… Is Easy to Do? When to Upgrade Your Financial Advisor
There are some primary reasons to change your or your client's financial advisor: fees, fiduciary responsibility, investment choice or performance (they are two different...