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An idiot’s guide to fiduciary duty

The difference between someone performing fiduciaries duties and someone not used to be as simple as identifying what government agency regulated that providers business.

By Chris Carosa | Updated on February 07, 2013

I don’t usually watch PBS. It’s not that I’m not cultured, I just don’t watch TV in general. But when PBS ran the special remastered version of the Beatles’ Magical Mystery Tour, complete with a new documentary, you knew I’d be glued to the set.

Turns out I turned the TV on a little early and caught the tail end of some financial advice show. I’d never seen it before and didn’t recognize the guy hosting it. But my ears perked up when they asked the audience, “Does Wall Street provide a service or make products?” My attention caught, I waited until a voice boomed the answer.

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