Broker Check

Our Fiduciary Standard

To get to the heart of the matter, Investment managers can be compensated in two ways. They can be compensated as the resulted of a transaction, or they can be compensated via a fee schedule, regardless of any transaction taking place. Registered Representatives who are compensated by a transaction (paid by a vendor) can not operate as a fiduciary.

Advisors who are compensated by a fee schedule are paid directly by the investor (not a vendor) based on the agreed upon fee. The fee based advisor is able to enter in to an asset management agreement adhering to a fiduciary standard.

An investment advisor who adheres to a Fiduciary Standard is one who is putting their client’s interests first. The advisor who adheres to this standard is not conflicted or incented by a vendor and is able to exercise his best efforts to act in good faith and in the best interests of the investor. A fiduciary advisor will provide written disclosure of any conflicts of interest which may compromise the impartiality or independence of the advisor.

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Broker vs. Fiduciary Video