The Institute for the Fiduciary Standard

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

2020 Frankel Fiduciary Prize

Awarded to Ron A. Rhoades

Frankel Fiduciary Honoree
Ron Rhoades

About the Frankel Fiduciary Prize

The Institute for the Fiduciary Standard established the Frankel Fiduciary Prize to honor individuals who advance fiduciary principles. The Frankel Fiduciary Prize will be awarded annually to a person who has made significant contributions to the preservation and advancement of fiduciary principles in public life. The prize is named after Professor Tamar Frankel of the Boston University School of Law.  You can learn more about Professor Frankel’s research on fiduciary law here.

The announcement of Ron Rhoades as the 2020 Prize Recipient occurred on August 28, 2020 via a press release, viewable here.

Remarks, also featured in Advisor Perspectives, were delivered by Ron Rhoades upon receiving the Frankel Fiduciary Prize on September 29, 2020. Bob Veres acclaimed these remarks, writing:

“By far the most important Advisor Perspectives article in the first half of October is the text of Ron Rhoades’ acceptance speech after winning the Frankel Fiduciary Prize. He lays out the failings of Reg BI and the proposed DOL rules, which invalidate actual centuries of legal and professional insights into the fiduciary standard—and goes on to talk about the difference between disclosing and avoiding conflicts, and a better regulatory structure for the planning profession.”

News

Award Program

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