Tag Archives: Fiduciary advisor

Gone are the days when large, institutional banks and wirehouses were the only ones with pockets deep enough to arm financial advisors with the tools needed to attract and retain wealthy clients. Today, independent brokers/dealers and registered investment advisories associated with independent wealth management firms have access to a wide array of customizable strategies and […]

Under current law, financial advisors and brokers are bound by a “suitability” standard that requires them to recommend investment products deemed “appropriate” for a client’s defined need and objective. This standard of care does not rise to the level of a fiduciary, who is legally and ethically obligated to put their client’s best interests ahead […]