The Good F Word: Fiduciary
July 12, 2016
Many investors are not aware that the financial services industry operates under two main standards of care: suitability and fiduciary. Depending on which of these two operating standards applies, an advisor may be allowed to recommend investments with poor performance records that pay the advisor high commissions; these recommendations primarily benefit the advisors – not the investor. In a recent article for South Florida Business & Wealth, WE’s Julie Neitzel discusses how these two operating standards affect clients and how to determine if an advisor is required to put clients’ best interests first. Read her column here.
Disclosure
This communication contains our current opinions and commentary, and does not represent a recommendation of any particular security, strategy, investment product or manager. The views expressed here are subject to change without notice. This commentary is distributed for educational purposes only and should not be considered as investment advice or an offer of any security or service for sale. Information contained herein has been obtained from sources we believe to be reliable, but we do not guarantee its completeness or accuracy. No part of this letter may be reproduced in any form, or referred to in any other publication, without WE’s written permission.
