A New Bern financial adviser is helping to craft what could become a national standard for people who offer investment Stationery Box guidance to the public. The potential legislation would hold financial advisers to certain ethical standards and would require Tin Money Box them to tell clients if they are being paid to endorse particular investments.

David Blain, an adviser from New Bern, is working in conjunction with several financial-planning organizations to wine ice buckets seek a “fiduciary standard” for people in his field who offer money guidance.

“Doctors can’t call themselves doctors without having medical degrees, and lawyers who practice without a law degree are reported to the bar,” Blain said. “Yet, there are a lot of people who call themselves … financial advisers who are really only selling products. This proposal, if Congress approves it, would hold financial advisers to a fiduciary standard, which means putting clients’ interests above their own.”

 Blain is part of the process because he is a member of the National Association of Personal Financial Advisors. The association is part of a “Focus on Fiduciary” campaign, and is working with the Financial Planning Association and the Certified Financial Planner Board of Standards to craft a proposal they hope will be endorsed by Congress.