April 7, 2013
Dear Sirs,
Given the variant views and positions many may have depending on their investment situation, as a twenty year plus experienced professional who deals with retail investors, I wish to make two simple suggestions.
A simple suggestion for a Fiduciary standard comes in two words, What and Who
What:
Investors do not understand what Fiduciary is, and what it means, ANY clarity on this matter will be very helpful.
Who:
Professional advisors need to be clear if they are, or are not, a Fiduciary.
In my opinion, if we can accomplish these goals together as an industry this will lead to a more positive, confident, investment community.
Thanks for the opportunity to comment on this matter.
John A. Kvale CFA, CFP
J.K. Financial, Inc.