Regulations and CFP Board Lack Fiduciary Best Practices

One of the big differences between the 35-year fiduciary movement and the current rule-making by regulators and the CFP Board is the use - or lack of use - of fiduciary best practices as a foundational base.

Proposed regulations will likely be based on disclosure standards, not best practices.

#fiduciary #trone #3ethos #behavioralgovernance #leadership #L5