The Institute for the Fiduciary Standard

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Fiduciary September 2021 Recap

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(Download the .PDF release of the Fiduciary September Recap)

Washington DC, October 5, 2021 – Fiduciary September, the largest annual program of experts dedicated to advancing fiduciary duties, concluded September 30. A summary:

  • September 30. In keynote remarks Harvard professor, Jason Furman, set out in clear terms why fiduciary advice is indispensable to retirement savers and consumers. Excerpts of his remarks and a link to the webinar recording can be seen on page two of the release.
  • Current SEC Commissioner Allison Herren Lee and former SEC Commissioner Kara Stein and law professors Tamar Frankel and John C. Coffee spoke for former SEC Commissioner Luis Aguilar as the Frankel Fiduciary Prize honoree. Their remarks praised Aguilar for defining what fiduciary means. Excerpts can be seen on page three of the release.
  • September 27. Financial planners Cheryl Holland and Dave Yeske joined journalist Evan Simonoff to discuss Dick Wagner’s view that financial planner and industry interests are not aligned. Wagner’s compelling case forces hard questions on the SEC and CFP Board.*
  • September 23. Harvard professor Robert Sitkoff discusses ESG and fiduciary duties. Ron Rhoades, Matt Orsagh comment, Skip Schweiss moderates.*
  • September 22. CRS forms have been widely panned. Here, Knut Rostad discussed new Institute research that explains why. Language expert Deborah Bosley discusses her research.*
  • September 20. Morningstar’s Aron Szapiro and SSGA’s Brie Williams present new data on investor fee comprehension. Knut Rostad presents on why confusion is no surprise.*
  • September 9. Law professors Christine Lazaro and Ron Rhoades discuss the new SEC.*

* The link to the webinar recording and additional content for each panel program is listed on page four of the release.

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