Sara Grillo
AUGUST 14, 2023
The standard, however, is often used haphazardly, invoked as a sales tool by dual-registered advisors who want to virtue signal, only to be abandoned in a legal context by those same advisors who backpedal into being “just a salesperson.” The word “fiduciary” is not a marketing term, not just something you throw out there to virtue signal.
WiserAdvisor
AUGUST 18, 2023
Moreover, fee-only advisors are often viewed as fiduciaries, which means they are legally obligated to act in their client’s best interests. A fee-only fiduciary financial advisor has a fiduciary duty to put the client’s needs first, ensuring you get the highest level of transparency.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Inside Information
SEPTEMBER 28, 2021
This first petition also touches on dually-registered individuals, recommending that, if they hold themselves out as advisors, they be required to disclose precisely when their work as an advisor ends and their efforts to effect a sale begins—something that is far from clear in current client engagements.
WiserAdvisor
MAY 31, 2022
Moreover, indicating a shortage or situation of fast-sale could intimidate you into making a hasty decision. Watch out for sales pitches that convince you to buy an investment product because everyone is doing it. It could be a red flag.
Good Financial Cents
JUNE 11, 2023
We accept a fiduciary obligation to act in your best interest, and our advice must be aimed at making money for you, not for us. This is absolutely key with any financial advisor you talk to, whether in person or online. Fiduciary duty means the party has a legal obligation to put your interests above their own.
Sara Grillo
JUNE 12, 2023
New York State Department of Financial Services. SARA GRILLO: You’re not a fiduciary if you don’t know what your client’s life insurance is costing them, not the premium folks, but the actual cost of the insurance policy, that’s what advisors think that they grasp. 2017, Nov 15). The Impact of AG49.
The Big Picture
JULY 4, 2023
Their mainstay financial services practice, which was banking and equities, fell off a cliff. We love, but at the end of the day, They have a fiduciary duty to their LPs to hire the best person. And that might give me some insight functionally into what I wanted to do next. They don’t need to transact.
Expert insights. Personalized for you.
52 
Let's personalize your content