Duane Thompson

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Last quote by Duane Thompson

The basic structure of a fiduciary obligation isn't likely to go away. There could be some interest in narrowing the scope of the definition of a fiduciary, but I think the [requirement] will stay in place. Most investors already thought their advisor was legally required to act in their best interest. That wasn't true until June 9. The bar has been raised.feedback
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Aug 10 2017
This page is completely dedicated to what Duane Thompson has to say. All of Duane Thompson’s quotes are organized here by date and topic. The most recent quote attributed to Duane Thompson came from an article called This new rule will upend your 401(k), IRA and your relationship with your advisor: “The investor has a higher awareness of the fiduciary standard, but it doesn't mean you should implicitly trust your advisor. You still need to ask questions.”.
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