• Skip to primary navigation
  • Skip to main content

The Institute for the Fiduciary Standard

A resource site for investors, brokers, academics and the media.


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

  • About
    • Fiduciary Law
    • Board of Directors
    • Board of Advisors*
    • Chairman’s Council
    • Real Fiduciary™ Practices Board
  • Real Fiduciary™
    • Real Fiduciary™ for Investors
      • Real Fiduciary™ Advisor Registry
      • Why You Need a Real Fiduciary™ Advisor
    • Real Fiduciary™ for Advisors
      • Real Fiduciary™ Affirmation Program
      • Real Fiduciary™ Background
  • Fiduciary September
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
  • Frankel Prize
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
  • Programs
    • Leadership Through Fiduciary Program
    • “Raise Your Voice” Campaign
    • SEC Conduct Standards Rulemaking
    • Institute Initiatives & News
    • Personal Financial Planning Program Webinars
    • Prior Programs
      • Advisor On My Side
      • No Incidental Investor Initiative
      • Bogle Legacy Forum
        • Bogle Forum
        • Bogle Book
      • August 11th 2015
  • Research
    • Academic Papers
    • Legislation and Rulemaking
    • White Papers
    • Op-Ed Commentary
  • Jack Bogle

Institute launches the Campaign for Investors

By Knut Rostad on May 26, 2016

National Campaign Spokesperson, Jane Bryant Quinn: “I’m delighted to announce the new Campaign for Investors, dedicated to helping people find objective, trustworthy financial Advice.”

Knut A. Rostad
Knut Rostad

Philadelphia, PA, May 24, 2016 – The Institute for the Fiduciary Standard today launched its Campaign for Investors, a groundbreaking initiative to help investors find financial advisors who best meet their needs and serve their interests first.

Introduced at a ceremony at the National Constitution Center in Philadelphia, the Campaign event was kicked off with remarks by Vanguard Founder, John C. Bogle.

The Campaign underscores the rewards to investors of excellent advice and what investors should expect from advisors. On the Campaign website, several investors speak about their experiences with their advisor. Chris, one such investor, says of her advisor, “He seemed to have my interest at heart rather than his own. I feel a lot more confident about my financial situation.”

Investor Bill of Rights and Campaign Website

The Campaign unveiled an Investor Bill of Rights. “The Investor Bill of Rights says in plain language what advisors should do — and what many advisors already do today –  to put clients’ first and help clients plan for retirement,” said Knut A. Rostad, president and founder of the Institute for the Fiduciary Standard. “The Bill is based on the standards in the Institute’s Best Practices for Financial Advisors and should be considered a start for evaluating advisors.”

John Bogle
John C. Bogle

“The value of a strong advisory relationship can be huge.” Rostad continued. “Most of us have experienced really good advice at some time in our lives. We know how crucial it can be. The principles in the Investors’ Bill of Rights are ingredients that underpin a healthy and successful advisor-client relationship.”

The Campaign reaches investors through www.campaignforinvestors.org. The website’s guidance will help investors decide whether they need an advisor and, if so, assess how well he or she performs tasks essential to putting client interests first. The website also will help investors using advisors calculate and evaluate their investing costs.

 

Putting Investors’ Best Interests First

Advice has emerged as a central issue in finance this year, with the release in April of the Department of Labor Conflict of Interest Rule requiring advisors to act in investors’ best interest. The new rule will not go into effect until January 1, 2018, and its meaning and impact may only unfold over several years.

Rostad stated, “Advisors should demonstrate to investors their commitment to strong fiduciary duties now by immediately embracing the Investor Bill of Rights and meeting the Best Practices for Financial Advisors.“

Luis Aguilar

According to Luis Aguilar, former SEC Commissioner, who received the first John C. Bogle Investor Champion Award at the Campaign launch event: “I know many fine broker-dealers. Yet, if investors were more aware of the regulatory differences between the fiduciary standard applicable to registered investment advisers and the product recommendations allowed by the suitability standard, they would flee broker-dealers that are providing personalized advice without a fiduciary obligation that puts investors first. This is no reflection on individual broker-dealers; this is a reflection on the regulatory system.”

Aguilar continued: “Investors should always receive advice that is in their best interest. The Campaign for Investors will close this awareness gap and educate investors on what to expect from really good fiduciary advisors. I wholeheartedly support the Campaign for Investors and urge other leaders in the industry to do so as well.”

DSC_5201
Skip Schweiss

TD Ameritrade and Personal Capital Campaign Sponsors

The Campaign for Investors is proud that TD Ameritrade and Personal Capital are main sponsors.

TD Ameritrade Institutional is a leading provider of comprehensive brokerage and custody services to more than 5,000 fee-based, independent registered investment advisors and their clients. Our advanced technology platform, coupled with personal support from our dedicated service teams, allows investment advisors to run their practices more efficiently and effectively while optimizing time with clients. TD Ameritrade Institutional is a division of TD Ameritrade, Inc., a brokerage subsidiary of TD Ameritrade Holding Corporation. Brokerage services provided by TD Ameritrade, Inc., member FINRA / SIPC.

Personal Capital is the smart way to track and manage your financial life. Personal Capital combines award-winning online financial tools that provide unprecedented transparency into your finances with personal attention from licensed financial advisors. The result is a complete transformation in the way you understand, manage and grow your net worth.

Download the full press release here.

 


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

  • Contact

 

  • LinkedIn
  • Twitter

Copyright © 2023 · Web Design by Milkweed Web