Remove 2015 Remove Commission Remove Fee Only Remove Fiduciary Duty
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Does being a fiduciary financial advisor REALLY matter – or is it “meh?”

Sara Grillo

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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Should you die and go to hell before selling an annuity?

Sara Grillo

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? Are commissions bad? Macchia argues that mutual funds and REITs are not fiduciaries; product manufacturers are typically not.