A few links about money:
- Forbes, Fiduciary Revolutionary. It’s like Redfin, but for 401k management:
Employee Fiduciary’s twist is twofold. Instead of charging asset-based fees, the three-year-old Mobile, Ala. firm charges employers $25 per worker, with a $1,500-a-year minimum to cover operating and regulatory costs. Then, instead of herding participants into investments it has a financial stake in touting, it lets employers create a menu from the entire universe of 36,000 funds and share classes. If they choose funds that pay so-called 12b-1 or other commissions to those who land them business, Employee Fiduciary passes those fees on to 401(k) savers, too. The company even accepts fiduciary responsibility for plans it runs–something most vendors shun.
- Forbes, Shortchanged:
Your broker may be making a pretty penny lending your stock to a hedge fund without your knowledge. Here’s how to get a cut of the action.
- Bloomber, PayPal’s Thiel Scores 230 Percent Gain With Soros-Style Fund