Tag: fiduciary standard
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Fiduciary Papers #6: Should Most Conflicts of Interest in Financial Services Be Avoided Under the “Best Interests” Fiduciary Standard of Conduct?
If a fiduciary investment adviser or financial planner will possess a conflict of interest with a client, must the investment adviser seek to avoid the conflict of interest? When it comes to the receipt of compensation from investment and insurance product manufacturers, the answer is often (if not nearly always) “Yes!” While Not All Conflicts…
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Fiduciary Papers #4: Thoughts on the State of Fiduciary Duties for RIAs and Financial Planners
Doubt. It is an essential precondition to the process of critical thinking. Possessing doubt permits the receipt and evaluation of opposing points of view. We must first acknowledge that there exists doubt as to the proper application of fiduciary duties to registered investment advisers (RIAs), under both the 1940 Investment Advisers Act and under state…