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Institute for the Fiduciary Standard Industry Council
The Institute Industry Council was established in May of 2013 to broaden industry practitioners’ efforts to defend the fiduciary standard. The fiduciary standard may be under more pressure today than at any time since the enactment of the Advisers Act of 1940. Industry Council members are helping expand the Institute’s initiatives to educate investors, practitioners, and regulators on the vital role and meaning of the fiduciary standard.
Michael E. Kitces is a partner and the Director of Research for Pinnacle Advisory Group, a private wealth management firm located in Columbia, Maryland that oversees approximately $1 billion in client assets. In addition, he is the practitioner editor of the Journal of Financial Planning, and the publisher of the e-newsletter The Kitces Report and the popular financial planning industry blog Nerd’s Eye View through his website www.kitces.com, dedicated to advancing knowledge in financial planning. Michael is an active writer and editor across the industry and has been featured in publications including Financial Planning, the Journal of Financial Planning, Journal of Retirement Planning, Practical Tax Strategies, and Leimberg Information Services, as well as The Wall Street Journal, BusinessWeek, CNBC PowerLunch, NBC Nightly News, and more.
James H. “Jamie” McLaughlin founded J. H. McLaughlin & Co., LLC, in 2010 – a strategy and practice management consulting firm serving the wealth management industry and family offices.
Previously, he was CEO of Geller Family Office Services, the New York-based MFO. Before that he was a partner at Convergent Wealth Advisors (formerly Lydian Wealth Management) where he built the firm’s New York office, Mellon where he was the regional president of Mellon Private Wealth Management’s New York region and Sanford C. Bernstein & Co., Inc., where he started in the wealth management industry as a financial advisor in the Private Client Group.
From 1981 to 1991 Mr. McLaughlin served in both the House and Senate of the Connecticut General Assembly.
Mr. McLaughlin received his Bachelor’s degree in History from Lafayette College and his Master’s in Public Administration from Harvard’s Kennedy School.
Dan Moisand is principal at Moisand Fitzgerald Tamayo and has over 22 years of experience in investment management and financial planning. Recognition began in 2002 when he was dubbed a “Future Star” by Financial Advisor magazine and made Worth magazine’s list of the top 250 Advisors in America. In subsequent years, he was named one of the most influential professionals in financial planning in a ”Movers and Shakers” issue of Financial Planning and twice more received similar honors from Investment Advisor and Accounting Today.
He has been lauded as one of America’s top financial planners in Financial Advisor, Florida Today, Investment News, Journal of Financial Planning, Research, Solutions, Wealth Manager, and the Wall Street Journal Online.
Moisand’s record as a financial planner and a leader within the financial planning profession made him the subject of a two-page profile in The History of Financial Planning (Wiley & Sons, 2009) and he was mentioned as a notable in the Lifetime Achievement category of Financial Planning magazine’s 2011 Influencer Awards.
Why an InstituteThe rationale for an Institute for the Fiduciary Standard is straightforward: The fiduciary standard is important, representing ideas central to our form of government and free market economy; it is under significant pressures from market forces that could sharply limit its reach; no other entity is solely focused on preserving and promoting the fiduciary standard. More...
The 6 Core Fiduciary Duties
- ‣ Serve the client’s best interest
- ‣ Act in utmost good faith
- ‣ Act prudently -- with the care, skill and judgment of a professional
- ‣ Avoid conflicts of interest
- ‣ Disclose all material facts
- ‣ Control investment expenses