Since 1996 we have written about investment consultant conflicts and the related harm to pensions.
FORBES: Consequences of the Mutual Fund Industry's History of Transgressions (November 1, 2003 )
Clark, who has experience as a CNN military consultant and investment banker, appears to have many post-campaign options.
There the consultant, investment manager and mutual fund provider were all affiliates of the employer and there was a vast amount of company stock in the plan.
FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )
"Some of these funds clearly thought it was going to be a hot deal that they could flip" before the price dropped, said Michael Lipper, president of investment-advisory firm and mutual-fund consultant Lipper Advisory Services.
Two years ago Ludwig sold a real estate investment advisory firm he cofounded and became a private consultant to, primarily, Middle East clients.
An investigation we recently completed found that commission rates dropped by 50%, resulting in millions in annual savings, once the investment consultant the fund had hired (and who set commissions rates for the fund) was fired.
What happens when a consultant, who offers advice on investment management and brokerage matters, has an affiliated brokerage firm?
Ask the investment consultant (who received compensation from the mutual fund company) and the mutual fund company itself to prepare the proper response for the paper trail.
FORBES: Corporate Sponsors Agree: 401(k) Plan Results Don't Matter (April 8, 2008)
Dick Barrett, a consultant at Credit Suisse First Boston--and former investment banker there--is running the numbers for the group, Mack said, calculating the real value of the deal.
The Fortune article also described the investigation this firm conducted regarding the investment consultant of another client, the Metropolitan Employee Benefit Board of Nashville and Davidson County.
FORBES: Public Pension Shortfalls and Consultant Conflicts (September 1, 2002 )
The unnamed Quadrangle executive met with the political consultant in December 2003 to talk about an investment from the retirement fund and other pension funds.
FORBES: As Quadrangle Settles Pay-To-Play Charges, It Flames Rattner
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