Jeff and Bruce talk to Knut Rostad, president of the Institute for the Fiduciary Standard, about the SEC's revisions to Form CRS and the complications that it's added to defining the term 'fiduciary.' Knut explains the purpose of the form and its very limited coverage of the fiduciary experience. The guys debate the significance of the fiduciary label, asset-based pricing vs. fee-based pricing, and the importance of transparency around fees.
Related Article: Fiduciary advocates raise alarm about SEC limits on term ‘fiduciary’
Guest Bio:
Knut A. Rostad, MBA, co-founded and is president of the Institute for the Fiduciary Standard, a nonprofit formed in 2011 to advance the fiduciary standard through research, education and advocacy. Earlier, he served as the regulatory and compliance officer at Rembert Pendleton Jackson, a registered investment adviser in Falls Church, Virginia.
Bruce sits down with Vance Barse, founder and wealth strategist at Your Dedicated Fiduciary, to discuss different fee models and the passionate “hourly fee bros.”
Bruce digs into the changing life and career of the Carson Group founder with InvestmentNews US editor Emile Hallez.
Bruce talks to Jodie Papike, CEO of advisor recruiting firm Cross-Search, about her experience of being a senior woman in a male-dominated industry, being a second generation recruiter, and the impact of private equity investment on advisors.
Bruce talks to Tash Elwyn, president and CEO of Raymond James & Associates, about his career path, his new role as president of the private client group, and why the profession is at a fork in the road.
