Trone: No Difference In Fiduciary Standards For Advisors Or File Clerks

3ethos CEO Don Trone, L5, wrote an article on how the SEC's Reg BI and CFP Board's "fiduciary" standard has set the movement for higher financial planner standards back to where it was "20 years ago."

"What’s the difference between a file clerk and a fiduciary? Come June 30th, not much.

A clerk is employed to perform menial office tasks. They’re told what to do, have little or no discretion, and are not entrusted with critical decision-making."

Continue reading Don's article at 401(k) Specialist...

#fiduciary #dontrone #l5

About 3ethos

We inspire and engage key decision-makers who serve in critical leadership roles. Our research and training programs are focused on the intersection between leadership, stewardship and governance.


Visit our corporate site


Receive Email Updates

© 2019 3ethos. All rights reserved.