Bob Clark not-so-humbly presents the following five standards–almost an oath!–that will clearly and unambiguously define a new profession of Independent Financial Advisors.
Standard One: I have a fiduciary duty to put the clients’ interests first
Standard Two: I must be paid directly by the client
Standard Three: I cannot have outside business affiliations
Standard Four: I have professional education and credentials
Standard Five: I am independent
To respond to Mr. Clark’s suggestion, please visit his Clark at Large blog at InvestmentAdvisor.com.