The fiduciary standard has been called “the highest standard under the law.” The Real Fiduciary™* practices will reflect broad fiduciary duties in accordance with common law, statute, regulatory opinions, and the Advisers Act of 1940. The Real Fiduciary™ practices will also reflect the high aspirations for the fiduciary standard expressed in the landmark Supreme Court decision, SEC vs Capital Gains Research. The starting point for the Real Fiduciary™ Practices Board deliberations was the Institute’s paper, Six Core Fiduciary Duties for Financial Advisors.
Real Fiduciary™ Practices
2014 to 2017 Best Practices Development & Comments
The Institute has encouraged public comment on the proposed Best (Real Fiduciary™) Practices. Submitted comments can be viewed here.
2017 News
- July 20, 2017 — Webinar on Best Practices Affirmation Program
- May 16, 2017 — Sheryl Garrett Endorses Institute for the Fiduciary Standard Best Practices Affirmation Program
- March 23, 2017 — First Class of ‘Best Practices’ Advisors Speak out: ‘Fiduciary Advice Leads to Deeper Client Relationships’
- March 22, 2017 — Why the Fiduciary Standard Matters to Clients
- January 30, 2017 — Best Pratices Affirmation Program Webinar
2016 News
- September 19, 2016 — Best Practices Affirmation Program Media Briefing (sound file)
- September 19, 2016 — Best Practices Fiduciary Advisor Affirmation Program Announced
- April 19, 2016 — Best Practices for Financial Advisors Media Briefing
- April 12, 2016 — Best Practices Self-Assessment Documentation
2017 Media Coverage
- Financial Planning – March 23, 2017: Fiduciary advocates push alternative approach to DoL rule by Andrew Welsch
- Financial Advisor Magazine – March 27, 2017: Fiduciary Institute Unveils First Class Of Best Practices Advisors by Juliette Fairley
2016 Media Coverage
- Financial Planning — December 19, 2016: Bid to grow fiduciary registry gains prominent followers
- ThinkAdvisor — October 5, 2016: Conflicts of Interest and Advisor Credentials: Then and Now
- Wall Street Journal — September 21, 2016: Wealth Adviser Daily Briefing: Success in Adviser Succession
- ThinkAdvisor — September 21, 2016: History Provides Hope for Institute for the Fiduciary Standard’s New Best Practices
- Fiduciary News — September 20, 2016: Independent “Business Decisions” May Lead Companies to Apply Fiduciary Standard Broadly
- Financial Planning — September 20, 2016: New fiduciary registry will promote advisers who adhere to strictest guidelines
- Financial Advisor Magazine — September 19, 2016: Advisors Urged To Commit To Code Of Conduct
- Investment News — September 19, 2016: Institute for Fiduciary Standard begins program to hold advisers publicly accountable
- Think Advisor — June 22, 2016: Fiduciary Self-Assessments: Hype or Help?
Best Practices Archive 2014 – 2015
*Effective February
