The Investment Adviser Association (IAA) asked a number of industry professionals, regulators, and other experts to share their views on the value the Investment Advisers Act has brought, and also asked them to forecast what lies ahead for the Act and its founding principle, the fiduciary duty. The Institute includes two responses, one from former SEC Chairman, Arthur Levitt, and the other from former IAA CEO, David Tittsworth, because they focus sharply on the challenge confronting the SEC regarding fiduciary duty and why this highest standard matters to investors. Below are the transcriptions of their video responses.
Knut's Views
Fiduciary September 2015: A Historic Time for Fiduciary Advice
Today marks the beginning of Fiduciary September 2015, the month declared four years ago by the Institute for the Fiduciary Standard as a time to commemorate why fiduciary duties in financial advice matter so much to the markets and investors.
Time for Wall Street to Show Investors Their Trust Matters
Industry comments on the DOL conflict of interest rule are in and offer a treasure trove of industry thinking. One such gem may be industry views on the continued abysmal levels of investor trust.
What Fiduciary Advocates Can Learn From SCOTUS Ruling on Gay Marriage
Same-sex marriage’s journey from minority status to the law of the land offers important lessons about gaining broad-based public support that fiduciary advocates can gain from.
The WSJ ‘s Public Service on Fiduciary Standard: Lifting the Veil
Wall Street Journal editors performed a public service when they set out their case against the fiduciary standard recently. The editorial shines a bright light on arguments against the fiduciary standard that the brokerage industry, understandably, tries to keep under wraps.
Fiduciary Best Practices: Talking to the Mailman in Kansas City
Last week the Institute for the Fiduciary Standard proposed eleven Best Practices for advisors and brokers who seek to meet the true fiduciary standard. While these Best Practices are crafted to mainly assist investors in evaluating investment and financial professionals on their adherence to fiduciary duties, they also serve a larger purpose.
