Pioneering planner Sheryl Garrett is using her moment in the national spotlight to get planners on board with a fiduciary oath.

President Obama singled Garrett out for praise during a talk at the AARP last month discussing the obligations of financial advisors and their role in retirement planning. "The role of a financial advisor is one of the most important jobs," he quoted her as saying. "But there is a segment of the industry today that operates like the gunslingers of the Wild West. We don't have the rules and regulations to protect those who we're supposed to be serving."

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