Knowing the difference between 2 facets of the fiduciary standard

don3ethos   •   Blog, carousel-post, Leadership   •   May 12, 2015

President Barack Obama’s remarks on Feb. 23 about the Department of Labor’s re-proposed fiduciary standard are an excellent illustration of the two faces of a fiduciary standard. On the one hand, Mr. Obama singled out great advisers who are doing the right thing for their clients. He then changed his tenor and talked about advisers who are “selling snake oil.”

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