CFP Fiduciary Duty Insurance 
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 (..)
Darrow Wealth Management
NOVEMBER 4, 2024
A fiduciary must always prioritize their clients’ needs above their own interests and mitigate or disclose any conflicts of interest that may arise. Not all advisors are fiduciaries. For non-fiduciary financial advisors, recommendations may only need to be suitable , not necessarily in the client’s best interest.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Darrow Wealth Management
FEBRUARY 13, 2025
Fee-only firms are unique as they do not receive commissions from selling financial products, such as insurance policies or investment products. Fee-only financial advisors are often registered investment advisors too, meaning they have a legal duty to act in the clients best interest. Do you have a unique situation?
WiserAdvisor
NOVEMBER 21, 2022
This is where a Certified Financial Planner (CFP) can step in. This article will discuss who a CFP is, their credentials, what they do, and when to hire one. This article will discuss who a CFP is, their credentials, what they do, and when to hire one. Department of Education before appearing for the CFP exam.
Ron A. Rhodes
DECEMBER 12, 2023
Can the use of a title – such as “financial planner” (or CFP) or “financial consultant” or “wealth manager” or “investment consultant” or similar – by the registered represent of…
Walkner Condon Financial Advisors
APRIL 21, 2023
This can include mutual funds, insurance policies, annuities, and other financial products. Some advisors are primarily paid directly by the client, but then also might receive some compensation from insurance policies they sell to their clients or other investment products they recommend, like a specific fund or annuity.
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 Not necessarily.
Expert insights. Personalized for you.
246 
Let's personalize your content