Darrow Wealth Management

OCTOBER 1, 2024

Trustees have a fiduciary duty to abide by the terms of the trust and make distributions to beneficiaries accordingly. Estate and tax law varies by state, so you’ll need an attorney licensed in your state. You can also name a third party to serve as successor trustee, including a corporate trustee.

Assets 98

Assets Estate Planning Distribution Taxes 98

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

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

WiserAdvisor

MAY 31, 2022

From opening bank accounts, applying for loans, filing licenses, opening investment accounts to buying a home – everything is now online. Ideally, you should know if the person offering to sell securities has the authority and the license to do so. However, the pandemic has changed the take on this aspect. of the salesperson.

Investing 52

Investing Investments License Accounting 52

Sara Grillo

NOVEMBER 14, 2022

He is a flat fee advisor; not a licensed insurance agent. Fee only advisors can now purchase annuities for their clients without having to be licensed agents. Do advisors breach fiduciary duty when they fail to recommend annuities? Mettler says he does not have a securities license for this reason.

Insurance 59

Insurance Retirement Financial Advisor License 59

WiserAdvisor

NOVEMBER 21, 2022

Unlike the average investor or other financial professionals, a CFP is a licensed expert in areas like estate planning, taxes, retirement, insurance, and investment planning. Equally important for sustaining their license is the professional conduct of the CFP, which is subjected to great scrutiny by the Board.

Certified Financial Planner 40

Certified Financial Planner Financial Planner CFP Financial Planning 40

The Big Picture

JUNE 20, 2023

It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. Talk to people who try and get licensed to do insurance things, or if there’s a failure to pay out a policy in the litigation that follows.

Insurance 147

Insurance Healthcare Retail Medicine 147