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Borzi on Scottrade

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Originally published on Wealth Management, February 22, 2018

February 22, 2018 – Borzi on Scottrade: “These People Were the Poster Child for Why We Did the Rule”

Phyllis Borzi, former Assistant Secretary for the Department of Labor and captain of the DOL team for the Conflict of Interest Rule, and now member of the Institute’s Board of Advisors, speaks to WealthManagement’s Diana Britton on the story behind the story of the getting the DOL Rule down the mountain and through the finish line to win the gold medal. Borzi’s success speaks to her “personal” fiduciary fidelity to loyalty and care.

Read it 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