• Skip to primary navigation
  • Skip to main content

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.

  • About
    • Fiduciary Law
    • Board of Directors
    • Board of Advisors*
    • Chairman’s Council
    • Real Fiduciary™ Practices Board
  • Real Fiduciary™
    • Real Fiduciary™ for Investors
      • Real Fiduciary™ Advisor Registry
      • Why You Need a Real Fiduciary™ Advisor
    • Real Fiduciary™ for Advisors
      • Real Fiduciary™ Affirmation Program
      • Real Fiduciary™ Background
  • Fiduciary September
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
  • Frankel Prize
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
  • Programs
    • Leadership Through Fiduciary Program
    • “Raise Your Voice” Campaign
    • SEC Conduct Standards Rulemaking
    • Institute Initiatives & News
    • Personal Financial Planning Program Webinars
    • Prior Programs
      • Advisor On My Side
      • No Incidental Investor Initiative
      • Bogle Legacy Forum
        • Bogle Forum
        • Bogle Book
      • August 11th 2015
  • Research
    • Academic Papers
    • Legislation and Rulemaking
    • White Papers
    • Op-Ed Commentary
  • Jack Bogle

Fiduciary September 2018

Fiduciary September 2018

Fiduciary September, established in 2012 by the Institute, is the Institute’s annual month-long special recognition of the vital role of fiduciary duties for investors and the capital markets.

Institute president, Knut A. Rostad said in a statement, “The SEC proposals, coming after Dodd-Frank and the rise and the fall of the DOL COI Rule, keep adviser and broker conduct standards center stage, for nine years now. Fiduciary exhaustion syndrome (FES) has set in. Still, these proposals demand advisers’ attention. Reg BI is important, arguably as important as the Investment Advisers Act of 1940. Scholars, advisers and, experts will discuss why on September 21st. Industry leaders will discuss fiduciary practices, culture and work ethic that differentiates fiduciary and non-fiduciary firms on October 15th.”

TD Ameritrade Institutional, which provides custody services to more than 6,000 independent RIAs, is the exclusive sponsor of Fiduciary September.

“We’re proud once again to support Fiduciary September, which each year gathers the industry’s leading voices to debate and discuss the importance of the fiduciary standard,” said Skip Schweiss, managing director of advisor advocacy & industry affairs at TD Ameritrade Institutional. “For more than a decade, we’ve been staunch advocates for independent RIAs and their client-first approach. The Institute and its programs deliver a valuable service by continuing to shine a spotlight on fiduciary principles.”

Fiduciary September programs begin September 18 and run through October 15.

Events

September 11 – Announcement of 2018 Fiduciary September Program

September 18 – 2:00 PM – 3:00 PM ET. Via conference call: 857-232-0159; 626004

Proposed SEC Disclosures on Advisers and Brokers: What do experts and Main Street investors, next-generation financial planners think? The SEC’s next investor roundtable is in Baltimore September 20th. As a preview, learn what prior SEC roundtable investors said and hear from Texas Tech financial planning students who have reviewed the disclosures. Hear analysis from expert, Deborah Bosley, the Plain Writing Group.

September 21 – 9:15 AM-1:00 PM ET. Texas Tech University, Lubbock Texas. ALSO, remotely via conference call / webinar.

Frankel Fiduciary Prize Award, Program: “SEC Proposal Reg BI; Is it a ‘Suitable’ Best Interest Standard?” Join fiduciary advisors, experts, scholars: Patti Houlihan, Bob Veres, Ron Rhoades, Deborah DeMott, Mercer Bullard, and Arthur Laby to discuss fiduciary duties and honor the 2018 Frankel Fiduciary Prize honoree, Harold Evensky. To attend remotely, email: [email protected]

October 15 – 10:00 AM – 5:00 PM ET. Philadelphia, PA, The Philadelphia 201 Hotel, 201 North 17th Street.

In collaboration with NAPFA’s Fall Conference, October 15-18. “Leadership through Fiduciary.” Program to highlight strategies of fiduciary, fee-only advisers: Speakers include: Brian Hamburger, Ron Rhoades, Bill Prewitt, Dan Moisand, Michael Koffler, and Skip Schweiss. Hear how fee-only RIAs are uniquely equipped to lead in an era of new challenges posed by new market forces, service offerings, and investor demands.

News

  • September 15, 2018 – Institute Releases Analysis of Six Investor Roundtables
  • September 17, 2018 – SEC Investor Roundtables Reveal Investors Often Do Not Understand Form CRS
  • September 17, 2018 – The Plain Language Group’s Form CRS Relationship Summary Hypothetical Disclosure
  • October 15, 2018 – Leading Advisors, Experts to Discuss Leveraging Fiduciary / Fee Only Practices and Culture at ‘Leadership Through Fiduciary’ 
  • October 16, 2018 – Bob Veres, Inside Information, comment on Knut Rostad’s recent blog in Advisor Perspectives on the SEC Reg BI.
  • January 14, 2019 – Panel Transcript: Fiduciary “Mindset” and Policies and Practices Starkly Differ from Sales Brokers’ Payouts and Production

Media Coverage

  • September 18, 2018 – Fiduciary Group: Brokers Must Tell Customers ‘We Do Not Represent You’
  • September 18, 2018 – Exclusive Interview: Harold Evensky says DOL Fiduciary Opened “Good” Pandora’s Box
  • September 19, 2018 – Reg BI Disclosure Does Not Pass Readability Test
  • September 26, 2018 – The Investment World According to Harold Evensky
  • October 16, 2018 – ‘It’s a freak show out there’: RIAs call for increased transparency
  • October 17, 2018 – Investors Want To Hear More On Fees And Conflicts, CFA Institute Reports

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

  • Contact

 

  • LinkedIn
  • Twitter

Copyright © 2023 · Web Design by Milkweed Web