We have over two hundred thousand words in the English language because words, and their definitions, no matter how nuanced, matter.

If one is truly working in the best interests of clients then there is no reason to fear being held to such a standard – unless you have some conflict of interest you’d rather not see the light of day.

The reality is that the advice clients would be getting under a fiduciary rule would be cheaper, free of conflicts and tailored for their benefit, not that of the salesperson.