Rebalance Joins John Bogle and Phyllis Borzi in launch of “Campaign for Investors”
Rebalance, a leading investment firm whose executive leadership participated on the Save Our Retirement coalition in support of the Department of Labor (DOL) Fiduciary Rule, today announced that Managing Director Scott Puritz will represent Rebalance and participate in the “Campaign for Investors” launch event hosted by the Institute for the Fiduciary Standard, held in Philadelphia on May 24, 2016.
The Institute for the Fiduciary Standard is a nonprofit formed in 2011 to benefit investors and society through its research, education and advocacy of the fiduciary standard’s importance to investors, capital markets, and economy. The event, held on May 24 at the National Constitution Center in Philadelphia, will include appearances by Vanguard Founder, John C. Bogle, Assistant Department of Labor Secretary, Phyllis Borzi, and former SEC Commissioner Luis Aguilar, all of whom will offer keynote remarks. During the event, a website and an Investor Bill of Rights will be unveiled to support the Campaign intended to raise investor awareness about the importance of advice and offer guidance on evaluating financial advisors.
Scott Puritz, Managing Director at Rebalance and a key member of the Save Our Retirement coalition, will share his experience and fundamental approach to retirement investing during the event’s panel entitled “What Great Advice Means.” Previously, Puritz testified before the U.S. Senate (see testimony) as it evaluated the DOL rule establishing a new regulatory standard requiring those who advise retirement investors to act in the best interests of their clients. Following this historic regulatory announcement on April 6, Puritz shared his insight and approach to working with the American consumer to a number of national media outlets, including NPR, The Wall Street Journal, and The Washington Post, among others.
“We are honored to participate in this event alongside John C. Bogle and Phyllis Borzi – both of whom have made considerable contributions and sacrifices in making our industry more transparent,” said Puritz. “In fact, all presenters and attendees of this event share a mutual vision, one that holds those financially responsible for others’ retirement savings to a higher standard of professionalism. At Rebalance, we remain committed to and focused on providing retirement investment strategies that align directly with the best interests of our clients.”
Rebalance is one of America’s leading investment firms that is at the forefront of providing consumers with a fundamentally different and better set of retirement investment options: lower costs, “endowment-quality” globally-diversified retirement investment portfolios, and systematic rebalancing. This investment approach is combined with a team of sophisticated and highly credentialed finance professionals who provide advice that is unbiased and focuses on the client’s long-term retirement investment goals.
The Firm’s Investment Committee is anchored by three of the most respected experts in the finance world: Princeton Economics Professor Burton Malkiel, author of the classic investment book, A Random Walk Down Wall Street; Dr.Charles Ellis, the former longtime chairman of the Yale University Endowment; and Jay Vivian, the former Managing Director of IBM’s $100+ billion in retirement investment funds for more than 300,000 employees worldwide.
Rebalance‘s innovative, pro-consumer approach to retirement investing has garnered high profile coverage. The Firm, and its leadership, regularly have been featured in The New York Times, The Wall Street Journal, NPR, Fox, PBS, Forbes, USA Today, CNBC, Nightly Business Review, CBS, The Washington Post, The Economist, and a wide range of other national and local media. Managing Directors Scott Puritz and Mitchell Tuchman are acknowledged industry thought leaders, and Mr. Puritz recently testified before a U.S. Senate Committee evaluating the U.S. Department of Labor’s new fiduciary rule.
Rebalance is headquartered in Palo Alto, CA. and Bethesda, MD., and currently manages more than $370 million of client assets. For more information, visit www.rebalance360.com.