The Institute for the Fiduciary Standard

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

Professor Frankel testifies in Boston for Institute

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Professor Tamar Frankel, Chairwoman of the Institute’s Board of Advisors, personally delivered the Institute’s remarks to Secretary Galvin at the open hearing.

Originally appeared on Financial Advisor Magazine by Tracey Longo

Giving investors fees and expenses in a standardized form is critical to their ability to protect themselves and comparison shop advisors, the Institute for the Fiduciary Standard told Massachusetts regulators yesterday.

“With the information required by Massachusetts clients can engage in intelligent conversations with an investment professional and can better comprehend a firm’s value proposition and they can become better educated consumers,” Institute President Knut Rostad said in a separate comment letter. “This type of disclosure has long been a norm for other leading professionals and retail businesses, yet it remains elusive to many financial representatives.”

Read the full article on FA Magazine’s website.

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