FINRA will be responsible for examining brokers for compliance, yet FINRA CEO says ‘It’s not our rule. It’s an SEC rule.’
Welcome to the Institute for the Fiduciary Standard
The principles underlying "liberty and justice for all" have inspired the American journey for generations. In finance and advice, this journey leads to a North Star called the fiduciary standard.
The Institute for the Fiduciary Standard is a champion for investors. Our programs and papers teach investors and advisors about what the fiduciary standard means. All investors want an advisor they can trust. Helping investors find a real fiduciary advisor is our mission.
Institute Must Reads
Institute Initiatives & News
The Institute for the Fiduciary Standard today announced that the 2019 Frankel Fiduciary Prize honoree is John H. Langbein.
John C. Bogle, 1929-2019
Bogle’s impact on investing, investors and the markets place him among the most important political and business actors globally in the last half century
Chairman Clayton Has a Message for Investors
Jay Clayton, Chaiman of the U.S. SEC, attempts to "arm [investors] with the right information to ask the right questions and make the [right] choices" in the first video of five. The information, like Reg BI, is muddled.
Investors Suffer When Fiduciary Practices Are Ignored
Gail from Maryland is an accomplished professional with a BS in engineering and finance and an MBA. She also had a terrible experience with a broker who Gail says betrayed her.
Advocacy on SEC, State Rulemaking
The proposed Massachusetts Adviser Straight Talk Disclosure is a simple, direct and commonsense approach to informing adviser clients of key information. It can increase investor comprehension of fees and services.
Last week Michael Kitces wrote that the fiduciary standard is no longer a viable way for RIAs to differentiate themselves from brokers, in light of Reg BI.
Institute & Industry Leaders
John Langbein, emeritus professor of law at Yale, accepted the Frankel Fiduciary Prize on September 16, 2019.