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
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.
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.
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