Trone: The Point Of Triangulation

3ethos CEO Don Trone wrote for Financial Advisor magazine on leadership, stewardship, and fiduciary governance.

"Simply defined, "stewardship" is the acceptance of ethical and moral responsibility. It may be for a person, place or thing. In contrast, a fiduciary accepts legal responsibility. Clearly, the two terms need to be paired if we want to define successful client outcomes. Furthermore, I would suggest that with these two terms we should integrate the concept of leadership, for it is leadership that will have more impact on a long-term client relationship than any other factor.

The intersection of leadership, stewardship and fiduciary governance is best defined as "the point of triangulation," the point which marks the coordinates of a higher, professional standard of care."

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