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How Advisors Should Prepare for the DOL rule in the Trump Administration

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There can be changes around the edges, or changes at the core, but I expect with certainty that there will be uncertainty for a while. – Knut Rostad, 2016 MarketCounsel Summit panel

Institute president and founder, Knut Rostad, participated in a panel discussion, “How Advisors Should Prepare for the DOL rule in the Trump Administration” at the MarketCounsel Summit held  December 6-8, 2016.  Here are some stories on the panel:

View Mr. Rostad’s original panel presentation slides here.

 

2016 MarketCounsel Meeting via MarketWatch
2016 MarketCounsel Meeting via MarketWatch

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