Our firm follows seven Global Fiduciary Precepts in order to maintain a level of fiduciary responsibility toward out advisory clients. We feel that these requirements are the common guideposts found throughout legal frameworks describing the fiduciary obligation owned by investment advisor representatives to their clients.
What is the "fiduciary standard of care?" The fiduciary standard of care requires that a financial advisor act solely in the client's best interest when offering personalized financial advice. The fiduciary rule, also known as the conflict of interest rule, states advisers have to give conflict-free advice on retirement accounts, putting their clients' needs ahead of their own potential compensation.
The aforementioned precepts represent high level principles founded in law. They provide a framework for prudent management.