<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[The Fiduciary]]></title><description><![CDATA[The Fiduciary is the the place financial advisors and people in wealth management go to hear what they're actually thinking. ]]></description><link>https://thefiduciary.com</link><image><url>https://substackcdn.com/image/fetch/$s_!iBY8!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F910ae436-6e2a-4809-80d1-36603c913a08_256x256.png</url><title>The Fiduciary</title><link>https://thefiduciary.com</link></image><generator>Substack</generator><lastBuildDate>Thu, 04 Jun 2026 10:18:51 GMT</lastBuildDate><atom:link href="https://thefiduciary.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Haze Creative, LLC]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[thefiduciary@matthaze.com]]></webMaster><itunes:owner><itunes:email><![CDATA[thefiduciary@matthaze.com]]></itunes:email><itunes:name><![CDATA[Matt Haze]]></itunes:name></itunes:owner><itunes:author><![CDATA[Matt Haze]]></itunes:author><googleplay:owner><![CDATA[thefiduciary@matthaze.com]]></googleplay:owner><googleplay:email><![CDATA[thefiduciary@matthaze.com]]></googleplay:email><googleplay:author><![CDATA[Matt Haze]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Local Advisor Spends $10,000 To Add Three Letters To End Of His Name That No Client Will Ever Ask About]]></title><description><![CDATA["It really shows my commitment to the profession," says Arthur Pendelton, CFP&#174;, ChFC&#174;, CLU&#174;, RICP&#174;, AIF&#174;, whose clients still introduce him as 'my money guy.']]></description><link>https://thefiduciary.com/p/local-advisor-spends-10000-to-add</link><guid isPermaLink="false">https://thefiduciary.com/p/local-advisor-spends-10000-to-add</guid><dc:creator><![CDATA[Matt Haze]]></dc:creator><pubDate>Thu, 14 May 2026 22:30:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!KyPI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbef1309-7403-4d08-ace6-f09f648b9dfa_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!KyPI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbef1309-7403-4d08-ace6-f09f648b9dfa_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!KyPI!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbef1309-7403-4d08-ace6-f09f648b9dfa_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!KyPI!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbef1309-7403-4d08-ace6-f09f648b9dfa_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!KyPI!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbef1309-7403-4d08-ace6-f09f648b9dfa_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!KyPI!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbef1309-7403-4d08-ace6-f09f648b9dfa_1408x768.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!KyPI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdbef1309-7403-4d08-ace6-f09f648b9dfa_1408x768.png" width="1408" height="768" 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class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Arthur's email signature now requires scrolling to see his phone number.</p>]]></content:encoded></item><item><title><![CDATA["Markets Hit All-Time Highs!" Says Advisor to Client Who Just Paid $6.47 for Gallon of Gas]]></title><description><![CDATA[Market Insights Newsletter Makes No Mention of Why Client Can't Afford to Retire Despite Portfolio Being 'up 12% year-to-date']]></description><link>https://thefiduciary.com/p/markets-hit-all-time-highs-says-advisor</link><guid isPermaLink="false">https://thefiduciary.com/p/markets-hit-all-time-highs-says-advisor</guid><dc:creator><![CDATA[Matt Haze]]></dc:creator><pubDate>Mon, 11 May 2026 19:28:58 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!mmGz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!mmGz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!mmGz!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!mmGz!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!mmGz!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!mmGz!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!mmGz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png" width="1408" height="768" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9e65447f-7710-4c6b-a298-052679561866_1408x768.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:768,&quot;width&quot;:1408,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1753811,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://thefiduciary.com/i/197259381?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!mmGz!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!mmGz!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!mmGz!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!mmGz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e65447f-7710-4c6b-a298-052679561866_1408x768.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>The advisor&#8217;s monthly newsletter, sent automatically at 8:00 AM on the first Tuesday of every month, arrived moments after the client finished pumping $127 worth of regular unleaded into a half-empty tank.</p>]]></content:encoded></item><item><title><![CDATA[Goldman Sachs Compliance Department Wins Battle Against TikTok Influencer, Loses War Against Recruiting Gen Z Talent]]></title><description><![CDATA[On Friday, Goldman Sachs Compliance announced it had successfully terminated analyst Katie Morrison after her TikTok account, which featured videos of her decorating cakes at 5:30 AM before work, was viewed by 34,500 people, inadvertently suggesting Goldman analysts are capable of activities unrelated to Excel.]]></description><link>https://thefiduciary.com/p/goldman-sachs-compliance-department</link><guid isPermaLink="false">https://thefiduciary.com/p/goldman-sachs-compliance-department</guid><dc:creator><![CDATA[Matt Haze]]></dc:creator><pubDate>Mon, 04 May 2026 17:00:17 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!o34S!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!o34S!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!o34S!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!o34S!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!o34S!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!o34S!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!o34S!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png" width="1408" height="768" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:768,&quot;width&quot;:1408,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:1431591,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://thefiduciary.com/i/195992122?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!o34S!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!o34S!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!o34S!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!o34S!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67cdc0ec-272c-4cff-a553-5b476dc937f2_1408x768.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>On Friday, Goldman Sachs Compliance announced it had successfully terminated analyst Katie Morrison after her TikTok account, which featured videos of her decorating cakes at 5:30 AM before work, was viewed by 34,500 people, inadvertently suggesting Goldman analysts are capable of activities unrelated to Excel.</p><p>&#8220;We have a zero-tolerance policy for unauthorized humanization of our workforce,&#8221; said Chief Compliance Officer Robert Chen, who spent six months reviewing Morrison&#8217;s 47 videos to ensure none contained confidential information, such as &#8220;evidence that our analysts have hobbies&#8221; or &#8220;proof that investment bankers experience joy.&#8221;</p><p>Chen&#8217;s team identified 14 potential compliance violations in Morrison&#8217;s content, including unauthorized use of the phrase &#8216;work-life balance,&#8217; which violates the firm&#8217;s &#8220;Aspirational Messaging Guidelines&#8221; and the appearance of natural sunlight in three videos, suggesting Morrison leaves the office before 9 PM.</p><p>The termination comes as Goldman struggles to fill 2,600 internship positions, with 89% of applicants citing &#8220;literally anywhere else&#8221; as their preferred workplace.</p><p>&#8220;We&#8217;re very excited about our new recruitment strategy,&#8221; said HR Director Janet Palmer, unveiling Goldman&#8217;s new AI-powered recruitment bot, which has attracted zero Gen Z candidates, but extended offers to three Twitter bots and a Roomba.</p>]]></content:encoded></item><item><title><![CDATA[BREAKING: Broker-Dealer Finally Approves Advisor's Social Media Post After 6-Month Review Process]]></title><description><![CDATA[The social media post gets a total of 5 likes on Instagram, one of them from your high school ex.]]></description><link>https://thefiduciary.com/p/breaking-broker-dealer-finally-approves</link><guid isPermaLink="false">https://thefiduciary.com/p/breaking-broker-dealer-finally-approves</guid><dc:creator><![CDATA[Matt Haze]]></dc:creator><pubDate>Tue, 28 Apr 2026 17:20:34 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!-MX4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3fc47e2b-69b9-435b-a5bd-5fb3418ec1d8_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!-MX4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3fc47e2b-69b9-435b-a5bd-5fb3418ec1d8_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!-MX4!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3fc47e2b-69b9-435b-a5bd-5fb3418ec1d8_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!-MX4!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3fc47e2b-69b9-435b-a5bd-5fb3418ec1d8_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!-MX4!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3fc47e2b-69b9-435b-a5bd-5fb3418ec1d8_1408x768.png 1272w, 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stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[Local Advisor Spends 21 Hours Building Financial Plan Client Will Glance At For 90 Seconds]]></title><description><![CDATA[But client will have many questions about it when the market is down by 5%.]]></description><link>https://thefiduciary.com/p/local-advisor-spends-21-hours-building</link><guid isPermaLink="false">https://thefiduciary.com/p/local-advisor-spends-21-hours-building</guid><dc:creator><![CDATA[Matt Haze]]></dc:creator><pubDate>Mon, 27 Apr 2026 22:05:12 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Thka!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9adb3b0f-9c8c-4006-a276-9de7ea0d7656_1408x768.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!Thka!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9adb3b0f-9c8c-4006-a276-9de7ea0d7656_1408x768.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Thka!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9adb3b0f-9c8c-4006-a276-9de7ea0d7656_1408x768.png 424w, 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srcset="https://substackcdn.com/image/fetch/$s_!Thka!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9adb3b0f-9c8c-4006-a276-9de7ea0d7656_1408x768.png 424w, https://substackcdn.com/image/fetch/$s_!Thka!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9adb3b0f-9c8c-4006-a276-9de7ea0d7656_1408x768.png 848w, https://substackcdn.com/image/fetch/$s_!Thka!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9adb3b0f-9c8c-4006-a276-9de7ea0d7656_1408x768.png 1272w, https://substackcdn.com/image/fetch/$s_!Thka!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9adb3b0f-9c8c-4006-a276-9de7ea0d7656_1408x768.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p>]]></content:encoded></item><item><title><![CDATA[Welcome to The Fiduciary]]></title><description><![CDATA[Welcome to The Fiduciary, the only satirical publication brave (or stupid) enough to make fun of the financial advisory industry and all those that like to play in its playground.]]></description><link>https://thefiduciary.com/p/welcome-to-the-fiduciary</link><guid isPermaLink="false">https://thefiduciary.com/p/welcome-to-the-fiduciary</guid><dc:creator><![CDATA[Matt Haze]]></dc:creator><pubDate>Mon, 27 Apr 2026 21:58:23 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!iBY8!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F910ae436-6e2a-4809-80d1-36603c913a08_256x256.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Welcome to The Fiduciary, the only satirical publication brave (or stupid) enough to make fun of the financial advisory industry and all those that like to play in its playground.</p><p>We cover the stories nobody else will touch: compliance nightmares, ridiculous personalities, impossible regulations, and the eternal question of how to justify a 1% fee in the age of index funds.</p><p>If you&#8217;re a financial advisor, wealth manager, or anyone who&#8217;s ever had to explain what an ADV is, this is for you.</p><p>Buckle up.</p><p>Your compliance officer is already nervous.</p><p></p>]]></content:encoded></item></channel></rss>