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In April, Knut Rostad, President of the Institute for the Fiduciary Standard, plucking the words right from SIFMA’s current position statement on the fiduciary standard, described its objective thusly: to “not subject (brokers) to other fiduciary obligations (the Advisers Act fiduciary standard, other statutory standards.)” SIFMA may be consistent with its message, but the results of a recent survey reveal rank and file advisers don’t agree with the industry’s top lobbying group. In that light, it seems only sporting to offer the beleaguered group these three helpful tips:

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