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.
Don Trone: Uniform Fiduciary Standard is…
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.