The Trump administration’s move to delay implementation of the Department of Labor’s fiduciary rule has inspired me to delay implementation of my commitment to remain silent on matters of public policy and politics. It seems pretty obvious that those in the financial establishment who oppose the rule do so primarily out of self-interest. But I was fascinated recently when a member of the media wondered aloud if my advocacy for a wider fiduciary standard was also simply an outgrowth of my own bias. Maybe I’m in favor of all financial advisors being held to a fiduciary standard because I’m a fiduciary financial advisor and part of a national community of financial advisors that supports the fiduciary standard. Perhaps, then, fiduciary advisors are for the fiduciary rule simply because they’re, uh, fiduciaries.

Source: Forbes February 24, 2017 12:00 UTC