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The Institute for the Fiduciary Standard

A resource site for investors, brokers, academics and the media.


Building a fiduciary culture of honesty, integrity, and expertise.

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Legislation and Rulemaking

The Demise of Fiduciary Advice?

By Knut Rostad on February 5, 2025

In this Investments & Wealth Review article, Knut reviews the fiduciary situation at the SEC and offers how Form CRS can be improved to help investors.

The Institute Comments on the Proposal Regarding “Outsourcing by Investment Advisors”

By The Institute on December 27, 2022

Read the comments made by The Institute

Institute Comment Letter to Iowa Insurance Divison on “Best Interest Standard of Care for Insurance and Securities Professionals”

By The Institute on April 28, 2020

The Institute submitted a comment letter to the Iowa Insurance Division on its proposed rulemaking in light of SEC’s Reg BI.

Jay Clayton: Reg BI Still Coming June 30th

By The Institute on April 2, 2020

Jay Clayton

SEC staff to issue two “Risk Alerts” for further guidance.

Debate Counter Point: “Testimonials and Endorsements Won’t Help Investors”

By The Institute on February 27, 2020

Karen Barr and Knut Rostad take opposite sides of the timely debate on advisor advertisements with testimonials and endorsements.

Regulatory Action: Letter to SEC Opposing Lifting Current Ban on Testimonials and Endorsements

By The Institute on February 10, 2020

Photo by AgnosticPreachersKid, distributed under CC BY-SA 3.0

There may be parts of the SEC’s 1961 advertising rule that deserve updating. The ban on testimonials and endorsements is not one of them.

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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

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