Fiduciary September 2014

Fiduciary September 2014

Welcome to Fiduciary September. The Institute celebrates Fiduciary September to highlight the indispensable role fiduciary principles serve in preserving trust and confidence in our capital markets. It includes:

Urging Congress and the SEC to apply the fiduciary standard and the six core fiduciary duties to all professionals rendering investment advice.
Urging industry participants to embrace fiduciary duties when investment advice is rendered.
Educating investors about the sharp differences between fiduciary advisors and sales brokers.

News

September 10, 2014 – Best Practices’ Move Forward With Council of Advisors, NAPFA Strategic Alliance, Brian Hamburger as General Counsel to the Best Practices Board. here
September 10, 2014 – Key Principles for Fiduciary Best Practices and an Emerging Profession. here
September 3, 2014 – Fiduciary September Stresses Vital Role of Centuries-Old Law in Investment Advice. here
August 25, 2014 – The Institute for the Fiduciary Standard announces the events for Fiduciary September 2014. here
July 31, 2014 – TD Ameritrade Institutional to be “Exclusive Sponsor” of Institute’s Fiduciary September Program here.

Media Coverage

Wall Street Journal – Oct. 28: Why RBC Quit Its Lucrative Role on Giant Alibaba IPO
Bankrate – Sept. 24: Investor protection down to politics
Fiduciary News – Sept. 23: Exclusive Interview: Knut Rostad says Fiduciary Debate “80% Political”; Advocates Out-Lobbied by Wall Street Opponents
Wall Street Journal – Sept. 22: Wealth Adviser: Appealing to Millennials’ Charitable Side
Kitces.com – Sept. 19: Weekend Reading for Financial Planners (Sep 20-21)
Financial Planning – Sept. 19: Advocates Losing Ground in Fiduciary, User Fee Battle
RiaBiz – Sept. 18: TD Ameritrade pulls off amazing Summit in DC that reveals rot to the core of SEC, FINRA and ERISA system
Financial Planning – Sept. 17: Fiduciary Advocates Take Aim at Brokerage Practices
Financial Planning – Sept. 17: NAPFA Conference to Tackle Rapid Industry Changes
Think Advisor – Sept. 17: Knut Calls Out the Brokerage Industry on Fiduciary Standard
WealthManagement – Sept. 15: SIFMA, Super Salesman
FinancialPlanning – Sept. 12: Fiduciary Advocates Push for Best Practices
ThinkAdvisor – Sept. 12: Guidelines for Best Fiduciary Practices Set by Institute
On Wall Street – Sept. 12: Fiduciary Advocates Push for Best Practices
FinancialPlanning – Sept. 10: Vanguard’s Bogle: We Need Less Trading, Higher Fiduciary Bar
On Wall Street – Sept. 10: Vanguard’s Bogle: We Need Less Trading, Higher Fiduciary Bar
On Wall Street – Sept. 9: RBC Head Calls for Tailored Broker Fiduciary Rules
WealthManagement – Sept. 9: Why the Existing Fiduciary Rule Won’t Work for Brokerages
InvestmentNews – Sept. 5: Chairman White’s political will may determine fiduciary-duty outcome
FinancialPlanning – Sept. 5: SEC Urged to Move on Uniform Fiduciary Rule
Kitces.com – Sept. 5: Weekend Reading for Financial Planners (Sep 6-7)
ThinkAdvisor – Sept. 5: Roper Urges SEC Chief to Move on Fiduciary With Split Vote
WealthManagement – Sept. 4: The SEC Needs to Fix the Problem It Created
Financial Advisor – Sept. 4: DOL ‘On Precipice’ Of Tough Erisa Fiduciary Rule, Says Consumer Advocate
ThinkAdvisor – Aug. 25: What’s Next for the Fiduciary Standard?
ThinkAdvisor – Aug. 1: Industry Gears Up for Fiduciary September

Fiduciary September Quotes

You gotta like Knut Rostad’s determination. Like a great Viking warrior, he doesn’t let overwhelming numbers dissuade him from his courageous quest of honor. But, while Odin might not have the patience to suffer the political intrigues of Washington, Knut remains ever diligent, his mental feet forever in motion, looking for that clear opening towards that Valhalla we call the Fiduciary Standard. So, when the elite policy makers appear to have either been bought off by entrenched interests or justifiably shackled by philosophy, Knut, without a second thought, adjusts course towards the more direct approach. He explains the trials, tribulations, and his new angle in this month’s Exclusive Interview with FiduciaryNews.com. Read it here and marvel at his acumen, his determination, and his frank observations.

Christopher Carosa, CTFA
Fiduciary News

Conference Call Recordings

Sept. 4: “The State of Financial Regulatory Reform: Wall Street v The Fiduciary Duty and Core Investor Protections; Where We Are and What’s Ahead”