The Transformational Fiduciary

The original fiduciary movement (1985 - 2010) was based on a Transformational Fiduciary standard - professionals wanted to adopt a fiduciary standard. Regulators and the CFP Board are proposing complex Transactional Fiduciary standards - professionals will have to adopt fiduciary standards. Of the two standards, which do you think is going to cause more harm than good.

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