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BlackRock CEO preaches a very RIA-like future -- after three awesome wins in five months that total more than $200 billion -- where his $7 trillion manager gets every asset in exchange for unmatched 'completeness'

Larry Fink's New York City firm won 'whole portfolio advisor' OCIO accounts of AIG, British Air and General Dynamics by wholly accepting their fiduciary liability and headaches

Author Brooke Southall July 26, 2022 at 2:02 AM
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Laura Levesque says OCIOs sell fiduciary services yet still build portfolios using proprietary products.

TAMPs


FAA

FAA

July 26, 2022 — 1:28 PM
This has been going on for a very long time and, in this case, makes sense for both BR and the sponsor in many cases- much lower costs (investing, operational etc.). However, and this is important, the plan sponsor never obviates their fiduciary responsibility nor liability...they are always on the hook.

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January 13, 2023 at 3:01 AM

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