Congratulations Skip Schweiss, Fiduciary of the Year

The Committee for the Fiduciary Standard Names announced that Skip Schweiss has been recognized as for his Outstanding Fiduciary Advocacy and Commitment.

New York, NY – March 19, 2015 – The Committee for the Fiduciary Standard today announced that it has named Skip Schweiss as its Fiduciary of the Year.

Established in 2011, the Fiduciary of the Year Award recognizes the person who has made outstanding contributions to advance the vital role of the fiduciary standard in serving the best interests of investors, and restoring trust in the capital markets and those who provide investment advice. Previous winners include David Tittsworth, W. Scott Simon, Ron Rhoades, and Eugene Maloney. The Committee presented the Award to Mr. Schweiss today, at the fi360 national conference in Orlando, Florida.

Mr. Schweiss is President of TD Ameritrade Trust Company, Managing Director of Advisor Advocacy & Industry Affairs, and Managing Director of Retirement Plan Services at TD Ameritrade Institutional.

“Skip has worked tirelessly to provide a powerful voice and support for fiduciary advice and advisors who are fiduciaries. He’s accrued a large body of work in this arena, is active with a number of fiduciary advocacy groups, and his views are always insightful. This, in turn, benefits investors who seek an advisor they can trust to put their interests first, before their own or their firms’ interests,” says Kathleen M. McBride, Chair of The Committee for the Fiduciary Standard. “Particularly now, as the discussion heats up, we are very fortunate to count Skip’s voice among leading fiduciary advocates.”

The Committee’s five core principles of the fiduciary standard are:

o Put the client’s best interests first;

o Act with prudence, that is, with the skill, care, diligence and good judgment of a professional;

o Do not mislead clients — provide conspicuous, full and fair disclosure of all important facts;

o Avoid conflicts of interest;

o Fully disclose and fairly manage, in the client’s favor, unavoidable conflicts.

This is an important issue, one that has not received enough attention.



Find a financial adviser who will put your interests first (Washington Post, October 25, 2014)

Fiscal Hawks Should Love Cheaper Retirement Plans (Bloomberg February 24, 2015)


Print Friendly, PDF & Email

What's been said:

Discussions found on the web:
  1. intlacct commented on Mar 20

    “This is an important issue, one that has not received enough attention.”

    Some have known this for decades. Bogle’s true genius was in eliminating the conflict of interest between the mutual fund management company and the investors in the fund.

    This Flash Boys quote is huge (re: the IEX): “Your biggest competitive advantage is that you don’t want to fuck me.” That’s a good one for quote of the day, BTW.

Posted Under