Meta: Learn the top best practices for 401(k) fiduciaries, including compliance, what tasks you must carry out to protect your clients’ 401k accounts, and what it means to be an ERISA fiduciary.

Much has been written about this David V Goliath battle.  I was even quoted in several articles confirming the issue.

But one thing that has been missing from all the articles is the “WHY” this is occurring.

What’s at stake?

WHY would Fidelity and Schwab go out of their way to prevent financial advisers from implementing advice for hard-working Americans?

What reason could possibly be so justifiable for them to do this?

Well, that’s simple . . .

On Friday, I received several emails at our “trading” domain about the NY Times article discussing the battle between Fidelity and Pontera. You can read the NY Times article by CLICKING HERE (I had to pay to read it).

Now, before I go on and give my “two cents” as the “ERISA Nerd”, I need to let you all know that I am biased!

If you advise clients age 50 and older who earn more than $145,000 a year, there’s a major change on the horizon that will affect their retirement savings strategy. Starting January 1, 2026, the IRS and Department of Labor will require . . .

Financial advisers, brace yourselves: the Department of Labor (DOL) has just requested a third extension for finalizing the much-touted retirement fiduciary rule—pushing the decision deadline out to October 28, 2025. This matters. A lot. Here’s the breakdown…