- Best Practices
- Fiduciary September
- Frankel Prize
- Campaign for Investors
Best Practices Board Members and General Counsel
Christopher Cannon, CFA
Chris Cannon is a Partner, the Chief Investment Officer and Chief Compliance officer at Firstrust. Chris leads the Investment Management services from the Corporate Office in Daytona Beach, FL. His specializations include private wealth management, tax efficiency, portfolio management especially within trust and partnership structures, hedging, and the management of legacy portfolios.
Chris is a native of Cocoa, FL who began his investing career at one of the nation’s oldest Wall Street mutual fund complexes in Richmond, VA. After returning to Florida, Mr. Cannon joined an institutional equity-trading desk, and has subsequently handled advanced issues such as arbitrage strategies, derivatives contracts and pension consulting.
Mr. Cannon holds the Chartered Financial Analyst designation. He is a member of the CFA Institute, a board member of the CFA Society of Orlando, and a Registered Financial Advisor in the National Association of Personal Financial Advisors (NAPFA). Chris also serves as a member of the Embry Riddle Aeronautical University’s College of Business Industry Advisory Board, and as a Director for Wishes4MeNU, a nonprofit that supports individuals helping other individuals in their time of need.
Chris has been quoted on various occasions in the financial press, appearing in Bloomberg Wealth Manager, Financial Advisor Magazine, RIA Business, Institutional Investor, and Kiplinger Personal Finance Magazine.
William C. Prewitt, M.S., CFP®
Bill Prewitt is the founder of Charleston Financial Advisors, LLC. He is a graduate of The Haverford School (1964), Transylvania College (1968), and the College for Financial Planning’s Masters Program. His military experience included 3 years in the U.S. Marine Corps as a supply officer. He spent the next 9 years with the BSA with executive responsibilities in 2 states and 8 foreign countries.
Moving to the Charleston region in 1981, he transitioned to the financial services field working in mutual fund sales. This ignited his interest in comprehensive financial planning and he became vice-president of Resource Development Corporation. This led to the establishment of his own private practice in 1986 which evolved to become Charleston Financial Advisors, LLC.
He served on the NAPFA Board as Ethics Chair from 1995 to 1999 and received the Robert J. Underwood Distinguished Service Award in 2004. He has served as chair of the Compensation Committee since 2000.
Active in community affairs, he organized the South Carolina Society of the Institute of Certified Financial Planners in South Carolina. He has served as President of the Board of the Christian Family Y, an Elder at First (Scots) Presbyterian Church, President of the Charleston Council of the Navy League, President of La Société Française de Bienfaisance, President of the local chapter of the SAR, and Commodore of the Cruising Club of Charleston. He is the Past-President of the Charleston Foreign Affairs Forum.
Stephen D. Johnson, CFP©
Steve Johnson is Chairman of Johnson Lyman Wealth Advisors, a fee-only comprehensive financial planning firm in Silicon Valley. Although he continues to serve long-standing clients, his primary interests now are working to promote the fiduciary standard of conduct and to achieve appropriate regulation of financial planning as a true profession.
A technical expert and member of the International Organization for Standardization (ISO) Technical Committee 222, he helped to write the global standard for personal financial planning, ISO 22222. Steve has served on the National Association of Personal Financial Advisors (NAPFA) Board of Directors, and as president and chair of the NAPFA West Region Board of Directors. For the Financial Planning Association (FPA), he has served on the national Board of Directors, on numerous national task forces and committees, and as president and chair of the FPA of Silicon Valley. He was the founding president of the FPA of California, and currently serves as president of the FPA of Rhode Island.
Steve is a graduate of Colgate University with a BA in Economics and earned his MBA from the University of West Florida. He served for over 24 years in the United States Air Force, retiring as a Lieutenant Colonel. He now counts his blessings in Rhode Island with his wife of 48 years, where they live next door to their grandson.
Knut A. Rostad, MBA
Knut A. Rostad, MBA co-founded and chaired the Committee for the Fiduciary Standard and co-founded and is president of the Institute for the Fiduciary Standard, a nonprofit formed in 2011 to advance the fiduciary standard through research, education and advocacy.
The Institute for the Fiduciary Standard seeks to advance fiduciary principles in investment advice. The Institute has established the Institute’s Six Core Fiduciary Duties, the Fiduciary Declaration, Fiduciary September the Frankel Fiduciary Prize, and advocates for a real fiduciary standard before the SEC and DOL. Rostad has authored numerous articles, papers and regulatory comment letters.
Rostad was named to Investment Adviser Magazine’s ‘IA 25’ list in 2014, which it calls “our annual list of the most influential people in and around the advisor industry.” Rostad is the editor of The Man in the Arena: Vanguard Founder John C. Bogle and His Lifelong Battle to Serve Investors First, published by Wiley in December 2013. He is also a contributing editor at AdvisorOne; speaks frequently at industry conferences on fiduciary and compliance issues; and is regularly cited in media national and industry outlets.
Rostad earned a BA in Political Science at the University of Vermont and an MBA from the Norwegian School of Management.
Associate General Counsel
Daniel Bernstein is Chief Regulatory Counsel at the Hamburger Law Firm and MarketCounsel, an affiliated business, regulatory, and compliance consulting firm for entrepreneurial investment advisory firms nationwide. At MarketCounsel, he is responsible for the ongoing development of the firm’s content while serving as a subject matter expert and resource for the firm’s other professionals. At the Hamburger Law Firm, Dan’s work concentrates in the areas of the regulation and compliance of investment advisers and broker-dealers as well as the formation and ongoing responsibilities of private investment funds. Dan is often called upon to serve as a senior officer and qualifying principal on an interim basis for emerging organizations and firms in transaction.
Dan has significant experience in providing a broad range of legal services to individuals and institutions in the securities industry.
Dan is admitted to the bars of New Jersey and New York, as well as the U.S. District Court for the District of New Jersey. He has successfully passed the FINRA General Securities Representative Exam (Series 7), NASAA Uniform Investment Adviser Law Exam (Series 65) and held New Jersey Property and Casualty and Health Insurance Producer licenses. He earned his undergraduate degree in finance from the University of Connecticut. He earned his Juris Doctor from the Rutgers School of Law where he was Chairman of the Moot Court Board. Prior to attending law school, Daniel researched market information for clients while at Waterhouse Securities. Dan then became a project analyst at Nortel.
Clark M. Blackman II, CFA, CFP®, CPA*/PFS
June 2014 – March 2018
Clark M. Blackman II is Founder and President of Alpha Wealth Strategies. He has been recognized by Worth magazine as one of the “Best Financial Advisors in America” from 1996 through 2004. In January 2004, he was selected by Robb Report Worth publishers as one of “The Nation’s 100 Most Exclusive Wealth Advisors.” He has contributed to four books on financial and investment planning and fiduciary issues: “Tips from the Top – Targeted Advice from America’s Top Money Minds” by Alpha publishing; “Building a $1,000,000 Nest Egg”, one of the Inside the Minds series published by Aspatore Press; “Prudent Investment Practices…A Handbook for Investment Fiduciaries” published by the Foundation for Fiduciary Studies; and “The New Fiduciary Standard” published by Bloomberg Press.
Clark was a National and Regional Director with Deloitte & Touche, LLP in investment consulting services. He served on boards overseeing the investment practices of both Price Waterhouse Coopers and Deloitte & Touche as one of 12 members of D&T’s Private Client Advisors Creative Services Committee, charged with developing wealth management strategies for the firm’s national estate planning, income tax and investment consulting practices.
Clark obtained his BBA degree in finance in 1979 from the University of Iowa Tippie College of Business (“With Distinction”) and received his graduate degree in accounting from the University of Iowa Graduate School in 1980.
Gregory Curtis is the Chairman and founder of Greycourt & Co., Inc., an open architecture wealth advisory firm serving substantial families and select endowments on a global basis. Prior to founding Greycourt, Greg served for many years as president of the Mellon family office and as President of the Laurel Foundation.
Greg is the author of The Stewardship of Wealth: Successful Private Wealth Management for Investors and their Advisors (2013) and Creative Capital: Managing Private Wealth in a Complex World (2004), and he is also the author of numerous white papers on a variety of investment topics. Greg’s popular blog is available at www.GregoryDGreg.com/Blog. In 2013, Greg received the Thought Leader of the Decade Award from the Family Wealth Alliance for his many contributions to the intellectual capital of the wealth management industry.
Greg has served on and chaired many boards over the years. Most recently, he chaired the Board of Directors of The Pittsburgh Foundation (the community foundation for the Pittsburgh region); chaired the Board of Visitors and Governors at St. John’s College (Annapolis and Santa Fe); and chaired the Board of Directors of The Investment Fund for Foundations (which he also co-founded). He also serves on the Board of Directors of United Educators Insurance Co.
Greg holds a BA degree from Dartmouth College, a JD degree from Harvard Law School, and he is a graduate of The Endowment Institute at Harvard Business School. He also holds an honorary BA degree from St. John’s College.
Best Practices Board
- Christopher Cannon, CFA
- William C. Prewitt, M.S., CFP
- Stephen D. Johnson, CFP©
- Knut A. Rostad, MBA
- General Counsel to the Best Practices Board: Daniel Bernstein
- Clark M. Blackman II, CFA, CFP, CPA/PFS