http://www.jdsupra.com/legalnews/not-all-338-fiduciaries-are-alike-01959/
In this post Ary discusses one of the current industry trends, the selling of 3(38) services and discusses briefly how they come in different shapes and sizes and he equates many of these new services to getting a meal at McDonald's. Love his sarcasm.
About 18 months ago, I authored a paper on this topic as well. It has many of the same themes as Ary's post, but goes a bit deeper into the topic. Below is a link to that paper. Enjoy!
https://www.unifiedtrust.com/documents/Third-Party-Fiduciaries-Myth-and-Reality.pdf
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