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What Will the Fiduciary Standard Look Like in Five Years?
Fiduciary News Link to more items from this source
Sept. 11, 2018
"While 'trust and confidence' are noble words, they also have specific definitions. For example, the advice would need to be of high quality; the costs should be reasonable; and the compensation of the advisor should be reasonable; and any conflicts of interest should be properly managed or mitigated.... [M]any investors, particularly in the world of 401k rollovers, are relatively unsophisticated and they're not in a position to evaluate conflicts of interest.... [T]he financial services sector should be required to manage and mitigate those conflicts for the benefit of the investor."

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