Don Trone: 10 Rules on Trust

3ethos CEO Don Trone published an article for Napa-net.org on the issues related to trust in light of the DOL's Fiduciary Rule.

Now is an especially good time to talk about trust, industry thought leader Don Trone believes.

“For the past year, the integrity of the retirement industry has been slurred,” Trone writes in the spring issue of NAPA Net the Magazine. “The DOL believes that it has to promulgate a new fiduciary standard because it doesn’t believe we can be trusted. We need to demonstrate otherwise.”

Trone offers a list of 10 “trust rules” — truths that are universal and can be applied to anyone in any situation.

The full article is linked here.

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#dontrone #behavioralgovernance #bgsadvisors #fiduciary #trust

401kTV: Fiduciary Training More Meaningful than Status

3ethos CEO Don Trone was mentioned in an article for 401kTV on the poor governance and history of CFP Board.

Because the new rule is so inclusive, almost all advisors working with a DC plan will be considered a fiduciary. So a standard that was once used to distinguish advisors will be rendered practically meaningless.

The article at 401kTV is linked here.

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#dontrone #stewardship #leadership #fiduciary