Ron Rhoades tells it like it is. He did so in no uncertain terms in an interview I just completed with him.
For example, recognizing both the limits of Best Interest Contract Exemption and the usefulness of a palatable transition to a pure fiduciary standard, he suggests the DOL add a sunset provision to BICE to give brokers enough time to evolve to the ideal.
Also, he's not afraid to both expose the weakness of robo-advisors yet explain how they might exist in the future.
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