Highlights from a survey of investment advisors that is described in the linked article: "97% say investors don't understand the differences between brokers and investment advisers. 85% say the gap in professional knowledge between investors and advisors makes fiduciary advice much more important for ordinary investors. Almost two-thirds of all participants report to have a fiduciary relationship with their clients. 71% say a uniform fiduciary standard 'no less stringent' than what is currently required of registered investment advisers would raise the credibility of financial service providers. Nearly three-quarters do not believe that advisors are adequately knowledgeable and trained to practice under the fiduciary standard."

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