Fiduciary vs. Suitability
Individuals who manage money go by many different titles – investment adviser, stockbroker, financial planner. There is an important distinction between these individuals and the service they provide. Registered Investment Advisers, such as Tradition, are fiduciaries who are charged with putting their client’s best interests first. The recent CNBC.com article, “What exactly is a ‘fiduciary’ adviser?” explains the differences of using the fiduciary standard versus the suitability standard.
Comments are closed.