Requiem for the Fiduciary Movement

The fiduciary movement that started as a grassroots effort in 1987 has come to a close.

Unfortunately, in the coming decade the industry is going to be hobbled by complex disclosures and rules, and the public is going to be intentionally misinformed that their advisor or broker is now subject to a higher standard of care.

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