The Institute for the Fiduciary Standard

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Building a fiduciary culture of honesty, integrity, and expertise.

DOL Will Rely on Consumers, Advisors to Help Enforce Fiduciary Rule: Borzi

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thinkadvisor250

May 25, 2016

‘A federal standard of fiduciary duty … must be applied to every person and every entity that even touches other people’s money,’ Bogle says at investor event

Less than two months after the Department of Labor issued its final fiduciary rule for financial advisors, the nonprofit Institute for the Fiduciary Standard launched its Campaign for Investors, to educate investors on their rights when working with advisors and to provide advisors with guidance on how best to act in their clients’ interests.

The launch event at the National Constitution Center in Philadelphia, which included Vanguard founder John Bogle and DOL fiduciary rule architect Phyllis Borzi, focused on the impact of the fiduciary rule on advisors and their clients but also on future regulation.

Read the full article on Think Advisor

Dan Moisand

 

Dan Moisand is a nationally recognized fiduciary fee-only financial planner, an Institute Real Fiduciary™ Advisor and Chair-elect of the CFP Board.

The Institute has enshrined the ‘Moisand Rule’ on fiduciary practices. It is basic and is more important today than ever: “You have to avoid conflicts. If I avoid a conflict, I don’t worry about it.”

Watch the video of Moisand speaking here.

Bob Veres

 

Bob Veres is a long term observer of financial planning. His Newsletter, “Inside information” Is a staple of leading planners. In the May edition he writes about fiduciary and the Institute.

"But a much bigger point is that the fiduciary standard—as Knut Rostad of the Institute for the Fiduciary Standard has pointed out—has been determined by the Supreme Court (1963 ruling) to be at the very heart of the Investment Advisers Act of 1940. It is the foundation of what it means to be an RIA registered with the SEC instead of a tipster or a tout."

- Bob Veres, Parting Thoughts ... The SEC's Own Compliance Culture