Former SEC Commissioner Luis Aguilar spoke these words in 2010 when Dodd-Frank was under construction in Congress: “While the scope of service may vary between clients, the standards of loyalty and care in providing that service should not. You simply cannot be three-quarters of a fiduciary.”
Knut's Views
When Are We Going to Get There?
In his weekend column, Jason Zweig surveys the landscape on fiduciary regulations and firm adherence. He finds it lacking.
Will CFP Board Make History?
What do investors want from advisors’ code of conduct? A survey conducted in 2016 by the CFA Institute offers an insight.
Why avoiding conflicts of interest matters in the investment business
In the market place today, commonsense and logic are usually overwhelmed by conflicted product recommendations that are packaged as “trusted advice.”
New CFP Board Standards Are a Good Step, but What’s Next?
CFP Board’s revisions to its Standards of Professional Conduct are out. The Institute for the Fiduciary Standard applauds the CFP Board for making this proposal. Make no mistake. The proposal is a good first step. Two provisions regarding fiduciary duties stand out.
How Should CFP Board Raise Its Standards?
By Knut A. Rostad Originally posted on ThinkAdvisor, June 13, 2017 Simple — ask investors The CFP Board announced on Tuesday that it will release a draft of proposed changes to its Standards of Professional Conduct on June 20. The Institute for the Fiduciary Standard applauds the CFP Board for reviewing its […]
