At a glance
His presentation addressed the distinctions between investment adviser and Employee Retirement Income Security Act (ERISA) fiduciary environments, examining the distinctions between ERISA’s “sole interests” fiduciary standard and the Investment Advisers Act’s “best interests” standard, which governs the general proceedings of investment advisers.
Financial Planning Program at Alfred State, was recently featured as a notable speaker at the Fi360 2012 National Conference in Chicago, IL. His presentation addressed the distinctions between investment adviser and Employee Retirement Income Security Act (ERISA) fiduciary environments, examining the distinctions between ERISA’s “sole interests” fiduciary standard and the Investment Advisers Act’s “best interests” standard, which governs the general proceedings of investment advisers.
Other related discussions included the U.S. Security and Exchange Commission’s likely extension of fiduciary requirements upon broker-dealer firms, and a broad range of techniques and practices which firms can adopt to still meet their obligations under these standards. He also presented the Tamar Frankel Fiduciary of the Year Award (which he was awarded last year) to this year's recipient, Scott Simon, a frequent writer on fiduciary conduct. Rhoades is a member of the steering board of the Committee for the Fiduciary Standard, which presents the award.
Rhoades returns to Chicago in early May to attend the 2012 National Conference of the National Association of Personal Financial Advisors, for whom he serves on its national board of directors.
With over 25 years of experience as an attorney and over a decade as a personal financial adviser, Rhoades was named one of the Top 25 Most Influential persons associated with the investment advisory profession in 2011 by Investment Advisor magazine. He is involved with several financial planning organizations, is the author of numerous articles in financial industry publications, and is a frequent speaker at national conferences in the financial planning and investment advisory professions.
The Chapel Hill, NC, native earned his bachelor’s degree in business administration from Florida Southern College and his Juris Doctor degree with honors from the University of Florida College of Law. He and his wife, Catherine, have two children.
Project-based learning is a cornerstone of our Alfred State culture. When students work on real-world problems, they learn how to think, not what to think. As a result, Alfred State has a 99 percent employment and transfer rate.