- Fiduciary September
- Best Practices
- Chairman’s Council
“Like a great Viking warrior, he doesn't let overwhelming numbers dissuade him from his courageous quest of honor. But, while Odin might not have the patience to suffer the political intrigues of Washington, Knut remains ever diligent… looking for that clear opening towards that Valhalla we call the Fiduciary Standard.”
–Testimony by Christopher Carosa, CTFA, Fiduciary News, September 23, 2014
The Institute for the Fiduciary Standard
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.
These six key duties generally describe what it means to put investors’ best interests first. They also describe what most investors believe (according to numerous independent studies) all advisors are supposed to do. Unfortunately, this is not true. Only Registered Investment Advisers are required to meet the fiduciary standard, follow the six key duties and put the best interests of investors first… More
- * 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
Press ReleasesFeb. 3, 2012 - Volcker, Levitt and Gensler Lead Discussion at John C. Bogle Legacy Forum
- Bogle: A “Crying Need for the Fiduciary Standard”
Knut A. Rostad | President of the Institute for the Fiduciary Standard
Marion Asnes | Founder of Idea Refinery
Philip Chao | Principal and founder of Chao & Company, Ltd.
Maria Elena Lagomasino (Mel) | Chief Executive Officer and founding partner of WE Family Offices
Kathleen M. McBride | Founder of FiduciaryPath, LLC
Jim Patrick | Managing Director of Envestnet
Michael Zeuner | Managing Partner at WE Family Offices
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...