3ethos CEO Don Trone is mentioned in article for 401kTV on Tony Robbins popularizing the idea of a fiduciary advisor, but is he pushing a lower standard?
According to Trone, the new rule misses the point because it is too focused on fees and is punitive opening the door for lawsuits rather than focusing on what’s best for the client. Once the gold standard or ceiling of the financial services industry, the DOL rule has made fiduciary the floor and the bronze standard. Take that Tony Robbins!
A link to 401kTV is here.