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Markets Need a Single, Official Definition of “Fiduciary”

November 15, 2017

Markets Need a Single, Official Definition of “Fiduciary”

 November 7, 2017 | David Trainer | WealthManagement.com
 
 
Regulators need to put forward a unified definition of fiduciary duty so that investors and advisors can have a fully informed debate on the matter.
 
What is a fiduciary?
 

Investors, advisors, and regulators have spent years arguing over who should be classified as a fiduciary, but few ask what that fiduciary status means. Everyone seems to assume that there is an official and commonly understood definition. In reality, there are several fuzzy and sometimes contradictory definitions of the term applied by different people and organizations.

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Matthew C. Strife
Blue Vault Services
April 11, 2016

Blue Vault's services are without question great resources for the review of the nontraded products offered.