Blurred lines of distinction between brokers and advisers and the fiduciary standard to which they are held are confusing to individual investors.  The financial services industry should take the lead in remedying this situation, rather than relying on federal regulators, in order to earn the trust and confidence of the investing public. 

While the extra layer of protection is almost certainly welcome by both investors and RIA's alike, having custodians contacting the investor directly to confirm wire transfers without prior notification from the Advisor Firm could risk undermining the RIA's credibility with their clients.  Net, net Advisors should take the lead in communicating these additional protection processes to their investors.