Knut Rostad clarifies the SEC’s revisions to Form CRS

Episode 93

Episode Notes

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.

Recent episodes
  • Episode 189
  • Jun 26, 2025

"We're on the precipice of the Fourth Industrial Revolution"

Bruce speaks to Osaic CEO Jamie Price about the long-term outlook driving M&A activity and why financial advisors, it turns out, are the most important part of the equation.

"We're on the precipice of the Fourth Industrial Revolution"
  • Episode 188
  • Jun 13, 2025

Twists, turns and drama: Exploring the aftermath of the LPL-Commonwealth deal

Bruce sits down with InvestmentNews colleague James Burton to dig into the post-acquisition stories of anger, surprise, and recruitment pitches..

Twists, turns and drama: Exploring the aftermath of the LPL-Commonwealth deal
  • Episode 187
  • May 06, 2025

A front-row seat to the independent revolution

Bruce sits down with Brad Bueermann, CEO and founder of FP Transitions, to discuss all things M&A and how recent volatility will impact deal structure and valuations.

A front-row seat to the independent revolution
  • Episode 186
  • Apr 16, 2025

Donor Trends: How Charitable Clients Use DAFs to Make an Impact

Don't miss this expert breakdown of donor giving trends and what's coming in 2025!

Donor Trends: How Charitable Clients Use DAFs to Make an Impact