Broker Check

What is a Fiduciary?

As per the American National Standards Institute, an investment fiduciary is someone who is managing the assets of another person and therefore stands in a special relationship of trust, confidence, and/or legal responsibility. The Prudent Practices represent a standard of excellence that can be the foundation of the trust placed in them by investors.

Each Practice represents a distinct obligation in the fiduciary standard of care as defined in applicable laws, regulations, case law precedent, and/or best practices. Adopting the Practices into your own investment processes can mitigate compliance risk, improve efficiency and effectiveness, and distinguish your reputation as a fiduciary specialist.