Confero Summer 2014: Issue 7 | Page 6

Publisher’s Letter confero A quarterly publication by Westminster Consulting A quarterly publication of fiduciary ideas by various contributors within the industry. Publisher Westminster Consulting, LLC. Editor-In-Chief Gabriella Martinez Contributing Editors Sean Patton, AIF® Thomas Zamiara, AIFA® Creative Director W elcome to our sixth issue of it means to be fiduciaries—whether you Confero, which is dedicated are an investment fiduciary or an advisor to the idea of Leadership and to fiduciaries. Stewardship for investment fiduciaries. Dan Sharpe, Esq. delves into a topic that Our last issue focused on Education is getting a great deal of attention lately— v. Advice for the participants of defined defined contribution plan fees. Dan outlines contribution plans. This is an incredibly what plan fiduciaries must be doing in order important topic as the United States moves to minimize fiduciary risk and improve from a pension based system to a defined participant outcomes. contribution retirement system. Trillions of dollars are now in the hands of individuals Gabriel Potter encourages fiduciaries to that may not be educated enough to make do more than just examine investments. decisions on their own. If you missed this Stewardship refers to the appropriate issue, please visit www.conferomag.com management of resources which do not belong to you. Gabe reviews what it means to view this a