Don Trone: The Fiduciary Paradox

3ethos CEO Don Trone published an article for ThinkAdvisor on the balance that governance requires in order to maintain aspiration.

© 3ethos

When do you do your best work? When someone tells you what to do, and how to do it? Or, when you’re allowed to use your own initiative and ingenuity to get a task accomplished?

The vast majority of people would say that too many rules are a disincentive. The job gets done, but rarely is it a reflection of our ability to provide a margin of excellence.

A link to Don's ThinkAdvisor article is here.

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ThinkAdvisor: Lawmakers and DOL Fiduciary Rule Consequences

3ethos CEO Don Trone was quoted in an article for ThinkAdvisor by Melanie Waddell on the artificial portfolios that will come from fiduciary regulation.

Don Trone, founder and CEO of 3Ethos, argued in his comment that retirement savers “will only have access to ‘Stepford Portfolios.’” As a result of the “increased liability, complexity and costs associated with the [fiduciary] rules, most financial services firms are only going to offer artificial portfolios manufactured in the image of what the Department deems to be acceptable.”

Also, fiduciary expert Trone said that “there are material differences between generally accepted fiduciary best practices, and the fiduciary standard defined” by Labor’s rules.

A link to the ThinkAdvisor complete article is here.

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#dontrone #dol #fiduciary #modelportfolios #thinkadvisor