Best Practices are crafted for the world of 2016 where the DOL Fiduciary Rule, new investor attitudes, and new technology are altering the advice landscape.
Knut's Views
History Provides Hope for Institute for the Fiduciary Standard’s New Best Practices
The hope of the Institute is that as a growing number of advisors publicly adhere to these principles, and the media picks up on their actions, increasing public awareness, the rest of the financial services industry will have to adopt similar standards in order to compete.
New fiduciary registry will promote advisers who adhere to strictest guidelines
The SEC’s fiduciary standards “are incomplete,” said Knut Rostad, president of the Institute for Fiduciary Standards.
5 hot spots on your Form ADV that reveal conflicts
Originally published on Financial Planning By Ann Marsh, 19 September 2016 Hey, RIAs, is your Form ADV conflict-free? Probably not. Only 18% of RIAs refrain from five crucial conflicts of interest, the Institute for the Fiduciary Standard found in its recent study of these complex, two-part public filings. While most investment advice contains inherent conflicts […]
Advisors Urged To Commit To Code Of Conduct
Originally published in Financial Advisor Magazine By Greg Bresinger, 19 September 2016 The advisory industry has “a cloud over it.” There’s also a lot of “terrible advice” that serves the needs of firms, not individual clients, who often aren’t aware of how they are hurt. Those were some of the comments of advisory industry critics […]
Institute for Fiduciary Standard begins program to hold advisers publicly accountable
The Institute for the Fiduciary Standard has started a program for financial advisers that’s designed to demonstrate they’re adhering to best practices when engaging with investors.
