Compliance Reminder: Fiduciary Role
As a fiduciary, the Firm has a duty of loyalty to place its Client(s) interest first and foremost and has a duty of utmost good faith to act in the best interest of each Client(s) and to make full and fair disclosure of all material facts and in particular, information as to any potential and/or actual conflicts of interests. Our Client(s) trust us to act on their behalf, and we hold ourselves to the highest standards of fairness in all such matters.
As an RIA, the Investment Advisor Representative (“IAR”) is a ﬁduciary to our Client(s). The regulations state that the IAR(s) owe their Client(s) several speciﬁc duties as ﬁduciaries. A Client(s) of the Firm is deﬁned as an individual or entity who has received all required disclosures with a signed Agreement. The ﬁduciary duties include the provision of advice that is suitable for the Client(s), full disclosure of all material facts and potential conﬂicts of interest, utmost and exclusive loyalty and good faith, best execution of Client(s) transactions, and the exercise of reasonable care to avoid misleading Client(s).
If you have any questions regarding this reminder, please contact Jerry Moore.
In this heated political climate, it is very easy to contribute to a candidate without thinking about your consequences with regards to your status as an Investment Advisor. As an Investment Advisor, there are contribution limits and the Investment Advisers Act Rule...