Don Trone: Uniform Fiduciary Standard is "Institutionalizing Mediocrity"
403b.substack.com
As the industry struggles with expanding the definition of who is subject to a Fiduciary Standard, Donald Trone, a long time fiduciary advocate argues that creating a "Uniform Fiduciary Standard" will lead to the opposite of its intended purpose, it will institutionalize mediocrity. Trone says:
Don Trone: Uniform Fiduciary Standard is "Institutionalizing Mediocrity"
Don Trone: Uniform Fiduciary Standard is…
Don Trone: Uniform Fiduciary Standard is "Institutionalizing Mediocrity"
As the industry struggles with expanding the definition of who is subject to a Fiduciary Standard, Donald Trone, a long time fiduciary advocate argues that creating a "Uniform Fiduciary Standard" will lead to the opposite of its intended purpose, it will institutionalize mediocrity. Trone says: