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Delta employees sue Fidelity for 'illegal kickbacks' from Financial Engines

The case may turn on whether Fidelity, by acting as recordkeeper and administrator, qualifies as a fiduciary and therefore breached its duty as it accepted Financial Engines' advice fees

Author Irwin Stein July 6, 2016 at 6:58 PM
1 Comment
no description available
Sheldon Geller: It is the plan sponsor, not Fidelity, who makes the fiduciary decision as to whether to offer the investment advice service to their employees.

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RIA Compliance


Dennis Newell

Dennis Newell

November 18, 2017 — 7:55 PM
At the company in working for we are invited to hire Financial Engines (and they're very careful to make the statement that Financial Engines is NOT affiliated with Fidelity Investments). I've always thought that was a lie, it must be a lie or otherwise just not true.

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