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Institute for the Fiduciary Standard Announces New Appointments

June 26, 2018

Industry Press

Former CFTC Chair, Leading Advisers, Research Analyst


Washington DC, June 20, 2018 – The Institute for the Fiduciary Standard today announced five new appointments. The appointments come as fiduciary duties remain front and center in securities regulation review at the SEC and in the market place.

Knut Rostad, president of the Institute, notes: “The Board is grateful to these individuals for bringing their long standing service to fiduciary principles and investors to the Institute.”

Brooksley Born, appointed to the Board of Advisors. Born is a retired partner of Arnold & Porter, where she practiced for more than 30 years and was head of the firm’s derivatives practice. From 1996 to 1999, Ms. Born was chair of the U. S. Commodities Futures Trading Commission.

Paul Pagnato, appointed to the Institute Board of Directors. Pagnato is CEO and Founder of PagnatoKarp, an independent Family Office and Wealth Management firm based in Reston, VA. Pagnato, after many years at Merrill Lynch, moved to independence and has demonstrated his commitment to fiduciary duties by building fiduciary principles into the foundation of his firm.

Steve Johnson, appointed to the Member of the Best Practices Board. Johnson is Chairman and Founder of Johnson Lyman Wealth Advisors, a Wealth Management firm in the San Francisco Bay Area. He has served on both the NAPFA and FPA national Board of Directors, and in numerous capacities in association with the FPA addressing standards of conduct.

Scott MacKillop, appointed as an Ambassador of the Institute. MacKillop is CEO of First Ascent Asset Management, an investment advisory firm in Denver, CO. He is one of the Institute’s Best Practice Advisors. This makes him a perfect choice for the Institute’s new role of Ambassador, which is designed for advisors who are writing and speaking on fiduciary issues who want to help spread the Institute’s message.

Darren Fogarty, appointed Research Analyst of the Institute. Fogarty has worked with the Institute for the past three years while completing his undergraduate education. He will start as a graduate student at Duke University in the Fall while continuing his work for the Institute.


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Institute for the Fiduciary Standard

The Institute for the Fiduciary Standard is a non-profit formed in 2011 to further fiduciary principles and practices through research, advocacy, and education in investment and financial advice. See: