head graphic with gears Offering an opinion does not elevate a relationship to the "fiduciary" level. If it did, cable TV would never be able to supply us with that endless stream of talking heads. (Photo: Shutterstock)

With all the excitement and debate over the role of regulators in determining the true nature of a fiduciary standard, it may be that the definition already exists right in front of the industry's nose (see "It's Not the Professional Title, But This Written Document That Creates a Fiduciary Relationship," FiduciaryNews.com, May 8, 2018).

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