Let’s not just blame certification providers. Government agencies responsible for monitoring and enforcement are also responsible for market confusion and the dilution of the “fiduciary” standard.
Tag "Fiduciary Standard"

“In 5 years, I think investors will be considerably worse off if SEC does go forward with its proposals without substantial change.”

Still, if one has confidence the marketplace will drive the industry towards focusing on the best interests of clients, then a de facto fiduciary standard can emerge organically, without overt reliance on regulators.

Top-down retirement policy ideas, “What? I pay Fees?” and what we remember (and don’t) about market volatility

“There is no practical difference between ‘adviser’ and ‘advisor’ in the eyes of the customer. Both suggest a level of relationship well beyond the standard of a brokerage relationship.”

Be careful what you wish for because sometimes the cure can be worse than the disease.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 4/5/19
New regulatory guidelines, Will fee “clarity” lead confusion? and What’s on your menu?