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Simply put, a fiduciary is a person who is legally required to act in your best interest with your money. Given the compensation structure of most in the financial advisory field, this simple but ...
The fiduciary should keep you informed of any details that would affect your decisions. Duty of confidentiality: You also may not want your financial advisor talking about your business around ...
The fiduciary standard entails certain obligations on the advisor that a non-fiduciary does not want to be held to. The fiduciary question is one of the most important questions you can ask an ...
The Court of Chancery, which governed fiduciary relations in England prior to the Judicature Acts. A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example ...
How Do I Find a Financial Advisor Who Truly Acts as a Fiduciary? appeared first on SmartAsset Blog. Ask an Advisor: ‘I'm Too Trusting and Gullible.' How Do I Find a Financial Advisor Who Truly ...
An IA must adhere to a fiduciary standard of care laid out in the US Investment Advisers Act of 1940.This standard requires IAs to act and serve a client's best interests with the intent to eliminate, or at least to expose, all potential conflicts of interest which might incline an investment adviser—consciously or unconsciously—to render advice which was not in the best interest of the IA ...
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