The Institute for the Fiduciary Standard

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Fiduciary Rule Changes 401k Plans

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The Department of Labor’s proposed fiduciary rule would speed the way for inclusion of alternative investments in 401(k) retirement plans. But it seems to have “abandoned any plausible concept of the core ERISA fiduciary concepts of loyalty, care and prudence,” writes Knut Rostad, MBA of The Institute for the Fiduciary Standard

Read the article here: https://bit.ly/492TrpI

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