Don Trone

Only 8 Fiduciary Best Practices Remain Out of the Original 27. #advisors 

AI provides information…Interactive MindMaps provide knowledge. #AI #advisors growth

For the financial services industry, fiduciary audits are okay, but red teaming is better. #fiduciary #financialadvisors #audits

Fiduciary responsibility has always been a high standard, but recent industry changes have caused the standard to be less than exemplary.

Your success as a financial services professional will depend upon your capacity to know when and how to employ each of the different modes.

Eighty-percent of our nation’s liquid investable wealth is in the hands of 8 million lay-fiduciaries. #financialadvisors #wealth

As lay-fiduciaries begin to outsource their responsibilities, we’ll see the need to define the basis for evidential trust. #finncialadvisors

The best acknowledge that their role is to provide essential leadership and stewardship, without which the other fiduciary components cannot be defined.

You may want to consider pitching your pitch book. Another casualty of the current crises may be your fiduciary presentation. #financialadvisors

During this time of crises, no one is looking for a fiduciary…they’re looking for leaders and stewards. #financialadvsors #fiduciary

We don’t need to lower fiduciary standards; we need to raise the quality of fiduciary training. #fiduciary #financialadvisors

Create your own fiduciary brand that exceeds new de-minimis standards. #financialadvisors #trust #fiduciarystandard

As we move forward, the financial services industry won’t be developing prudent fiduciaries and leaders…we’ll be managing clerks.

Resilience is going to determine the quality of your reopening, your first mover status, and whether your new normal will be a success.

How to Quarantine Your Financial Advisors Practice Against the Fiduciary Flu. #financialadvisors #business #value #financialplanning #success

By operationalizing these steps and dimensions you’ll be able to demonstrate that you’re following a procedurally prudent process.

The severity of this crisis warrants a response from trusted advisors who stand out as leaders and stewards. #financialadvisor

For better or worse, the next six months will likely be the defining moment of your professional career. #financialadvisor #leadership