- Best Practices
- Fiduciary September
- Campaign for Investors
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.
In announcing the Fiduciary September 2017 program, Institute President, Knut Rostad, said. “We are proud to again have TD Ameritrade Institutional as the exclusive sponsor of Fiduciary September in this very important year for fiduciary duties, advice and investors. The importance of fiduciary remains front and center in 2017. The DOL Rule is being implemented amidst historic legal and political challenges. Meanwhile, firms are making product and pricing changes to comply. The SEC is requesting additional industry input for a “uniform standard; the new SEC Chairman has spoken clearly of his “limited government” view of fiduciary. Further, the CFP Board has proposed revisions to its standards. Market forces continue to disrupt established advice practices and create new advice opportunities; investor distrust, continues to keep many investors away from advice.”
August 8, 2017 – Fiduciary September 2017: Era of Fiduciary Promise Brings Uncertainty With Implementation
August 15, 2017 – CFP Conflicts – CFP Board’s revisions to their standards are a good step, but more needs to be done. Conflicts of interest should be recognized as inherently harmful, and there must be enforcement of standards.
September 6, 2017 – Broker/Advisor “Titles”: Potential Rulemaking at the SEC: discussion slides (pdf) and webcast replay (registration required)
September 6, 2017 – Luis Aguilar Advisor Titles – Former SEC Commissioner, Luis A. Aguilar, discusses the importance of the SEC using title-based rulemaking to uphold a uniform fiduciary standard in investment advice.
September 7, 2017 – A Debate On The DOL Fiduciary Rule: Affirmative Statement and Rebuttal
September 27, 2017 – Barbara Roper, Investors’ “Most Fearsome Advocate,” The 2017 Frankel Fiduciary Prize Recipient
September 28, 2017 – Transparency in Financial and Investment Advice – Transparency is essential but insufficient in fiduciary advice, which requires duties of loyalty and due care.
August 28, 2017 – Walking the Walk
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