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Institute Announces New Appointments

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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 Wade Financial Advisory, 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.

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