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.
These duties are:
- 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
Principles vs. Rules: The Fiduciary Debate in a Nutshell
“There’s a remarkable consensus around a fiduciary standard when advice is being delivered to retail investors,” said Skip Schweiss, introducing a panel of experts on the top regulatory issues facing advisors at the TD Ameritrade Institutional regional conference Tuesday.
…On stage before the formal presentation at the St. Regis hotel in Dana Point, Calif., Schweiss showed his leanings on the fiduciary issue by pulling a ballcap from his pocket that bore the legend, “The ‘F’ Word Rocks,’ thanking his “good friend Knut Rostad” for supplying the chapeau.
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At TD Ameritrade conference, CFA’s Roper, IAA’s Tittsworth and SIFMA’s Carroll agree, disagree and look ahead at fiduciary standard and SRO.
Get Involved
The Institute for the Fiduciary Standard doesn’t have formal membership, as it isn’t a membership association. It is a non profit, a private foundation. But, we need the involvement of all those willing to help–in any capacity!
John C. Bogle Forum
At a Jan. 31 forum co-chaired by Arthur Levitt and Paul Volker, Vanguard Founder John Bogle spoke of a “crying need for the fiduciary standard.”
What is Fiduciary Law?
Experts explain what the fiduciary standard is, why it matters to investors and why it should apply to all who provide investment advice.
