• 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

Resource Advisory Services

By Knut Rostad on March 26, 2017

Resource Advisory Services

Resource Advisory Services

2095 Lakeside Centre Way, Ste 105
Knoxville, TN 37922


865-560-0140
[email protected]
www.ResourceAdv.com

Services

Resource Advisory Services will work with clients remotely. Resource Advisory Services offers comprehensive wealth management, investment management, and financial planning.

Compensation methods accepted
Assets Under Management (AUM)
Fixed fee based on assets or financial circumstances.

Required education for senior advisors in the firm
Advanced education in Finance or a related area
CFP® (Certified Financial Planners)
NAPFA-Registered Financial Advisor

Link to SEC/state registration:
https://adviserinfo.sec.gov/IAPD/IAPDFirmSummary.aspx?ORG_PK=110671

David Lewis
Resource Advisory Services

While working in an insurance agency that called itself a financial planner, I heard tapes of speech’s by NAPFA founders, who taught me a fee-only, fiduciary business model could serve clients in ways that would be very different, as wells as in line with my personal beliefs about the best client-advisor relationship. That was 1984 and 1985. May 1, 1985 I moved into a $100-a-month shared office space and have been serving clients this way since.

A broker has a responsibility to make transactions happen and is most often paid for success in making transactions happen, while a fiduciary is voluntarily charged with bringing their expertise into relationships for the primary benefit of those served.

Meaningful conflict of interest disclosure involves clear communication for a reasonably tested belief that all parties in the relationship have understanding for the ways specific conflicts of interest could influence behavior in their service. When I have a conflict of interest, it is too easy for me to convince myself my advice is not influenced by it, which can lead to unintentional or intentional avoidance of complete disclosure. A way to erroneously believe I have given disclosure is to obscure the conflict with language that makes it difficult to understand, instead of easy.

When clients come to rightfully believe they are getting fiduciary, objective advice, their sense of security and wellbeing improves dramatically. They can focus on the substance of the advice, rather than guarding against the possibility of mishandled trust. We find it is still worthwhile to frequently remind our clients to test whether our advice is in their best interest, because they can help us avoid conflicts of interest we may not recognize. It makes the relationships stronger.

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