Nerd's Eye View

SEPTEMBER 27, 2024

Also in industry news this week: As brokerage firms have faced a wave of lawsuits regarding the low interest rates paid on cash sweep accounts, some legal experts believe that RIAs could also be targeted for legal action if they allow clients' uninvested cash to sit in a cash sweep account rather than investing it or moving it to a higher-yielding (..)

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Darrow Wealth Management

NOVEMBER 4, 2024

Other reasons to work with a fiduciary registered investment advisor Legal obligation to act in your best interests: A fiduciary duty isn’t a marketing tactic, it’s a legal obligation and the highest standard of loyalty and care under the law. You can search for CFP® professionals here.

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Financial Advisor Certified Financial Planner Fiduciary Duty Fee Only 53

Walkner Condon Financial Advisors

APRIL 21, 2023

In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. This can make it difficult for investors to fully understand the potential conflicts of interest that may exist when working with a commission-based advisor.

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Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

Walkner Condon Financial Advisors

APRIL 17, 2023

In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. This can make it difficult for investors to fully understand the potential conflicts of interest that may exist when working with a commission-based advisor.

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Fee Only Financial Advisor Certified Financial Planner Commission 52

Park Place Financial

SEPTEMBER 8, 2022

Certified Financial Planner (CFP) . One of the best financial advisors available, CFPs earn board certification that represents their intensive training, commitment to observing ethical standards, and dedication to putting clients first. Some advisors do not observe fiduciary duty but are bound to a suitability standard.

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Financial Advisor Fiduciary Duty Certified Financial Planner Financial Planner 52

Truemind Capital

SEPTEMBER 10, 2019

Fiduciary duty should be on the top of the mind of any genuine adviser. To ensure that the interest of your adviser is totally aligned to yours, an adviser should manage the entire investment in zero-commission products like direct plans of mutual funds and earn only from transparent fee received from you.

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Investing Investments Asset Allocation Fiduciary Duty 52

Sara Grillo

AUGUST 14, 2023

Legal definition of the fiduciary standard To quote directly from a paper by Attorney Lorna Schnase , two bodies of law form the legal basis for the fiduciary standard: Common law: Under common law principles of agency, an investment adviser, as agent, owes fiduciary duties to its client, as principal.3

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Financial Advisor Fiduciary Duty Insurance Financial Advice 52