Article Review: Rules Every Professional Fiduciary Must Follow

Being a fiduciary can be a deciding factor in the minds of many people who will be looking for the financial advisor since it would a sigh of relief to know that the person who you entrust your money with will be acting responsibly to protect your interests and your capital. As a matter of fact, there are a lot of different size RIAs and broker-dealer firms who will continue to put together a compliance process shaped by the fiduciary rule to make themselves different from others and to appeal to people who are looking for the best advice.

Being a good fiduciary is not only about creating a solid legal process, prudently advising clients, but also it is about running an advisory business with common sense. Avoiding conflict of interest, learning about your client, aligning your compensation according to results, staying firm with your best advise even if it may be a hard decision for your client, these are all common sense rules. Read the full article here: http://fiduciarynews.com/2018/08/7-rules-every-professional-fiduciary-must-follow/

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