Does Your Fund Meet Its Fiduciary Responsibilities?

Every mutual fund family talks the talk about meeting the fiduciary responsibilities of its investors, but the current scandal shows that not all families walk the walk. For all the investors who want to know where their fund firms rank, now there's a way.

Fiduciary Analytics, a Pittsburgh-based organization that provides fiduciary training and research to pension plan sponsors and investment advisers, released its first Mutual Fund Family Fiduciary Rankings on Tuesday -- ranking 255 firms from first to worst.

Don Trone, founder and president of Fiduciary Analytics, said the firm conducted the extensive study due to the groundswell of investors and retirement-plan fiduciaries asking what to do with funds from families implicated in the scandal. "Not surprisingly, the funds that have been implicated didn't rank very well," Trone said. ...