EXCELSIOR CAPITAL PRESENTS

The Fiduciary Frontier: Navigating the Complex World of Personal Finance

Don Trone is the CEO and one of the Co-founders of 3ethos. In 2015 he was named by Investment Advisor magazine as the “Father of Fiduciary” and one of the 35 most influential people in the financial services industry.
Go Beyond Marketing and Create a Better Customer Experience

Podcast: The Fiduciary Frontier – Navigating the Complex World of Personal Finance

Don Trone is the CEO and one of the Co-founders of 3ethos. In 2015 he was named by Investment Advisor magazine as the “Father of Fiduciary” and one of the 35 most influential people in the financial services industry. He is also the author or co-author of ten books on the subject of fiduciary responsibility, portfolio management, and leadership.

Key Highlights

[00:01 – 07:40] Fiduciary Responsibility and Coast Guard Veteran

  • 5 million people have a legal responsibility for managing someone else’s money
  • Fiduciaries have a duty to inspire and engage others, protect assets, and demonstrate a pleading process 
  • The lack of procedure process checklists in the financial services business

[07:40 – 17:55] Fiduciary Regulations: Complexity, Disclosure, and Private Equity Impacting Investors

  • Regulators are doing more harm than good by making disclosure too complex for the average investor to understand
  • There are 8 other factors that can negatively impact investment performance besides fees and compensation, which are not covered in current regulations
  • There is a lack of understanding of the concept of fiduciary from front to back in Washington DC

[17:56 – 23:02] Uncovering Best Practices in Financial Services: Exploring Behavioral Governance and Behavioral Finance

  • The SEC could take 1% of their enforcement budget to market for training
  • Looking for an authentic leader and steward with a command presence
  • Complexity is an inhibitor to trust, so avoid industry jargon and legalese when talking to clients
  • Behavioral governance is a new framework that uses plain English and is universal
  • Behavioral finance evolved from behavioral governance research

[23:03 – 35:15] Investigating the Leadership Behaviors Behind the Success

  • The Coast Guard was the only government agency to respond effectively to Hurricane Katrina
  • Congress held hearings to investigate why the Coast Guard got it right and everyone else failed
  • Don Trone started 3ethos, which integrates leadership, stewardship, and governance
  • The three areas to focus on: creating a master’s degree with a concentration in fiduciary studies, developing protocols or training programs for lay fiduciaries, and board certifying fiduciaries by specialty

[35:16 – 38:25] Closing Segment

Additional Links:

Brian’s Linkedin: https://www.linkedin.com/in/brian-c-adams/

Previous Articles

the-ultimate-guide-to-commercial-real-estate-investing

The Ultimate Guide to Commercial Real Estate Investing

Learn everything you need to know to assess the benefits of a commercial real estate investment and make the best decisions to get started.

how-much-money-do-I-need-to-start-investing-in-commercial-real-estate

How Much Money Do I Need to Start Investing in Commercial Real Estate?

We frequently have conversations where people tell us, “I want to start investing in commercial real estate, but I’m not sure if I have the capital.”

benefits-of-owning-commercial-property-over-residential

Benefits of Owning Commercial Property over Residential

While both types of real estate investments have their benefits, investing in CRE can be more advantageous for several reasons.

The Revolution That Wasn’t

How has technology impacted modern finance and created an asymmetrical relationship between Wall Street and individual investors? In this episode, we speak with Spencer Jakab, the author of The Revolution That Wasn’t and editor of the Wall Street Journal’s Heard on the Street column.

Tax Savings Secrets: How Cost Segregation Analysis Can Save You Money

How can cost segregation analysis help real estate investors maximize their returns? In this episode, John Hanning explores the potential benefits of cost recovery studies and depreciation.

What is a Family Owner’s Manual and Do I Need One?

It’s time to make sure you and your family are set up to continue success for generations to come. Today, Josh Kanter shares his journey transitioning from practice as a transactional attorney to reorganizing his family’s activities under a single-family office.

Key Characteristics of High-Performing Family Offices

Are family offices becoming more popular? In this episode, Robert Daugherty dives into the importance of having a functional family office, and the role of the Chief Learning Officer in it.

Talking to Your Parents about Their Finances

As your parents age, you may find that you want or need to broach the often-difficult subject of finances. In this episode, Cameron Huddleston, an award-winning personal finance journalist, discusses how to have meaningful conversations with your parents about their finances.

Pros, Cons, and Features of Robo-Advisors for the Wealthy

Learn how to amass wealth – the right way, for you. In this episode, Barbara Friedberg, a former portfolio manager and university investments and finance instructor, delves into how robo-advisors have revolutionized traditional financial advisory services.

Excelsior Capital

A real estate private equity firm that owns and operates high quality multi-tenant office assets in emerging secondary markets.

Interested in learning more about Excelsior's investment opportunities?

Excelsior Capital

104 Woodmont Blvd, Suite 120
Nashville, TN 37205

investors@excelsiorgp.com

w

Livechat

Disclaimer: Under no circumstances should any information presented on this website be construed as an offer to sell, or solicitation of an offer to purchase any securities or other investments. This website does not contain the information that an investor should consider or evaluate to make a potential investment. Other materials related to investments in entities managed by Excelsior Capital are not available to the general public.