What is a Fiduciary

The Fiduciary Standard

Did you know that different advisors are held to different standards? Only advisors who have a Series 65 license have a legal, fiduciary responsibility to act in their clients best interests and disclose any possible conflicts of interest. Other advisors are held to the  standard known as the “suitability” standard, meaning that as long as they do what is deemed “suitable,” they are fully within their legal rights to act in their best interest and their company’s best interest before those of their clients.