3ethos CEO Don Trone wrote for 401(k) Specialist Magazine on how to measure the value of a fiduciary financial advisor.
"Peter Drucker famously said, “What gets measured, gets managed.”
In the 401k industry, it might be more appropriate to say, “What matters is what needs to be measured.”
One of the many problems with the fiduciary standards proposed by the DOL and SEC is that they do not understand the value of a fiduciary. They do not understand what matters as evident by their singular focus on complex and lengthy disclosures."