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Webinar Virtual Discussion on the Legacy of Jack Bogle

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May 8, 2020 Would Have Been 91st Birthday

Personal Finance Journalist Jane Bryant Quinn will tell the story,
“How I met Jack, when he was first peddling his index fund, how he converted me and how it changed my life”

April 28, 2020 [Washington, D.C.] – Professional journalists and a small group of interested others (special invitations have been extended by the panelists) are invited to join a group of investor advocates and fiduciary leaders for a virtual discussion on May 5, 2020 at 3:00 pm ET.

Organized by the Institute for the Fiduciary Standard, this virtual conversation will bring leading fiduciary voices and investor advocates together to discuss the legacy of John C. “Jack” Bogle. Bogle was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund. He preached investment over speculation, long term patience over short term action and minimizing investment costs. The ideal investment vehicle for Bogle was a low cost index fund held over a period of a lifetime. Born on May 8, 1929, Bogle would have turned 91 on May 8, 2020. This virtual discussion, perhaps the first such public discussion since his passing 16 months ago, will focus on Bogle’s legacy.

PUBLIC SENTIMENT SURVEY

“On the eve of his 91st birthday on May 8, the legacy of Vanguard founder Jack Bogle, shines through. His principles dominate,” said Knut Rostad, president of the Institute for the Fiduciary Standard. In September 2019, the Wall Street Journal reported funds that track broad U.S. equity indexes hit $4.27 trillion in assets in August, “giving them more money than stock-picking rivals” for the first time ever.

“The challenge to traditional stock pickers began more than four decades ago with Vanguard founder Jack Bogle’s introduction of the first index mutual fund for ordinary investors in 1976”, the Journal notes.

“In our May 5th discussion, I’ll highlight results from a first of its kind public opinion survey of how the investing public and Vanguard investors embrace Jack’s investing principles and place his reputation among business and finance leaders of his time. The survey was conducted by Rockland Dutton Research for the Friends of Jack Bogle,” Rostad said.

DISCUSSION DETAILS

An array of financial services professionals who knew and watched the Vanguard founder over many years will share their thoughts. Participating on May 5 via GoToMeeting will be:

Christine Benz, director of personal finance, Morningstar, and author of “30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances” and the “Morningstar Guide to Mutual Funds: 5-Star Strategies for Success.” Benz will serve as the discussion moderator.

Knut Rostad, president of the Institute for the Fiduciary Standard, a nonprofit formed in 2011 to advance the fiduciary standard through research, education and advocacy. Rostad is the editor of “The Man in the Arena: Vanguard Founder John C. Bogle and His Lifelong Battle to Serve Investors First.”

Chip Roame, managing partner of Tiburon Strategic Advisors, Managing Partner of the Tiburon Partners Fund, and a leading strategic advisor to CEOs, other senior executives, boards of directors in the banking, insurance brokerage, investment management, and FinTech markets, who at a prior Tiburon CEO Summit presented Bogle a prestigious Tiburon award and subsequently conversed with Bogle on stage.

Chip Simon, CFP®, principal, Taconic Advisors, who at the Alliance of Comprehensive Planners 2014 Annual Conference sat down with Bogle and had an educational and enlightening question and answer session. Bogle said ACP Planners are on the right side of history and we couldn’t agree
more.

Rick Ferri, CFA®, Ferri Investment Solutions and a long-time “Boglehead” who is the author of several books on index funds, ETFs, the power of passive investing and asset allocation. He is also the co-editor of the Bogleheads community-authored book “Bogleheads’ Guide to Retirement Planning.”

Jane Bryant Quinn, one of the nation’s leading commentators on personal finance. Her policy columns have addressed matters of top concern to citizens, including investor protection, health insurance, Social Security, and the sufficiency of retirement plans. Her most recent book is “How to Make Your Money Last.”

Marie Swift, CEO, Impact Communications, is hosting this virtual discussion and serving as media liaison for this group initiative.

Media Contact:

Marie Swift
Impact Communications, Inc. MarieSwift@ImpactCommunications.org
913-649-5009 – office phone
913-961-4030 – smartphone

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