When It's Time To "Retire" Your Retirement Plan's Financial Advisor

Ary Rosenbaum

There are times when it comes to a business relationship that you have to save goodbye. It can be for a variety of reasons such as a business partner who no longer fits the needs of a company or finding someone else who can do a better job at a better price than your current provider. When it comes to the financial advisor working on a retirement plan, there are certain instances where as a plan sponsor it would be wise for you to retire your retirement plan advisor because an advisor who no longer fits the needs of the plan increases your potential liability as a fiduciary. It’s very tough to say goodbye, but it beats putting the plan and your company at risk to continue that relationship.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

Written by:

Ary Rosenbaum

The Rosenbaum Law Firm P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.