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Welcome to the Institute for the Fiduciary Standard!
The Institute is a nonprofit formed in 2011 to benefit investors and society through its research, education and advocacy of the fiduciary standard’s importance to investors, our capital markets and economy.
Six key fiduciary duties embody the fundamental elements of an investment fiduciary’s responsibility. Learn more about those duties here.
July 29, 2017 – Yale business professor, Daylian Cain, is a prolific researcher on conflicts of interest. His notoriety in investment advice policy circles was further enhanced when the Obama administration cited his work in 2015, as it argued for the DOL Conflicts of Interest Rule.
In June 2016, Cain offered a quick (seven minute video) synopsis of his thinking. The video can be found here.
One key point in professor Cain’s synopsis highlighted in this one-page summary deserves special attention. It underscores why a policy of avoiding conflicts is far superior to a policy of accepting and disclosing conflicts. The point is the potential impact of conflicts on everyone. As Cain notes, “Yet, (its not just the bad apples)… normal people are also capable of really bad behavior.”
August 17, 2017 — Fiduciary double standard gives robos a free ride by Scott MacKillop (Investment News)
August 16, 2017 — Anticipating delay to DOL fiduciary rule, broker-dealers and RIAs change course by reg Iacurci (Investment News)
July 28, 2017 — Massachusetts regulator blasts SEC’s Piwowar over fiduciary rule ( Investment News)
July 14, 2017 — Best interest is in the eye of the beholder in debate over DOL fiduciary rule by Mark Schoeff Jr. (Investment News)
June 20, 2017 – CFP Board Seeks to Impose ‘Strengthened’ Fiduciary Standard on All Advice by Melanie Waddell (ThinkAdvisor)