Don Trone: By 2020, Elite Plan Advisors Will Be Valued for Their…

Don Trone, L5, wrote an article on the importance of Behavioral Governance, as opposed to "fiduciary rules," and how advisors that accept behavioral governance principles will provide a standard that the market wants.

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A recent World Economic Forum report, The Future of Jobs and Skills, included a list of the top 10 skills that will be valued most by 2020:

• Complex problem solving

• Critical thinking

• Creativity

• People management

• Coordinating with others

• Emotional intelligence

• Judgment and decision-making

• Service orientation

• Negotiation

• Cognitive flexibility

This list can be summarized in two words: behavioral governance. What will matter most by 2020 — no matter the industry sector or domain — will be a person’s ability to execute, infuse and amplify a prudent decision-making process.

Read the rest of the article at this link.

#dontrone #behavioralgovernance #dol #fiduciary

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