- Best Practices
- Fiduciary September
- Frankel Prize
- Campaign for Investors
Institute Announces New Appointments
On June 20, 2018
Appointments include Former CFTC Chair, Leading Advisers, Research Analyst
Knut Rostad, president of the Institute, notes: “The Board is grateful to these individuals for bringing their long-standing service to fiduciary principles and investors to the Institute.”
Brooksley Born, appointed to the Board of Advisors. Born is a retired partner of Arnold & Porter, where she practiced for more than 30 years and was head of the firm’s derivatives practice. From 1996 to 1999, Ms. Born was chair of the U. S. Commodities Futures Trading Commission.
Paul Pagnato, appointed to the Institute Board of Directors. Pagnato is CEO and Founder of PagnatoKarp, an independent Family Office and Wealth Management firm based in Reston, VA. Pagnato, after many years at Merrill Lynch, moved to independence and has demonstrated his commitment to fiduciary duties by building fiduciary principles into the foundation of his firm.
Steve Johnson, appointed to the Member of the Best Practices Board. Johnson is Chairman and Founder of Johnson Lyman Wealth Advisors, a Wealth Management firm in the San Francisco Bay Area. He has served on both the NAPFA and FPA national Board of Directors, and in numerous capacities in association with the FPA addressing standards of conduct.
Scott MacKillop, appointed as an Ambassador of the Institute. MacKillop is CEO of First Ascent Asset Management, an investment advisory firm in Denver, CO. He is one of the Institute’s Best Practice Advisors. This makes him a perfect choice for the Institute’s new role of Ambassador, which is designed for advisors who are writing and speaking on fiduciary issues who want to help spread the Institute’s message.
Darren Fogarty, appointed Research Analyst of the Institute. Fogarty has worked with the Institute for the past three years while completing his undergraduate education. He will start as a graduate student at Duke University in the Fall while continuing his work for the Institute.
Tagged with: Institute & Industry Leaders
The Institute for the Fiduciary Standard
Welcome to the Institute for the Fiduciary Standard!The Institute is a nonprofit formed in 2011 to benefit investors and society through its research, education and advocacy of the fiduciary standard's importance to investors, our capital markets and economy. Six key fiduciary duties embody the fundamental elements of an investment fiduciary’s responsibility. Read More
Why an InstituteThe rationale for an Institute for the Fiduciary Standard is straightforward: The fiduciary standard is important, representing ideas central to our form of government and free market economy; it is under significant pressures from market forces that could sharply limit its reach; no other entity is solely focused on preserving and promoting the fiduciary standard. More...
The 6 Core Fiduciary Duties
- ‣ Serve the client’s best interest
- ‣ Act in utmost good faith
- ‣ Act prudently -- with the care, skill and judgment of a professional
- ‣ Avoid conflicts of interest
- ‣ Disclose all material facts
- ‣ Control investment expenses
Best Practices Board
- Christopher Cannon, CFA
- William C. Prewitt, M.S., CFP
- Stephen D. Johnson, CFP©
- Knut A. Rostad, MBA
- General Counsel to the Best Practices Board: Daniel Bernstein
- Clark M. Blackman II, CFA, CFP, CPA/PFS