Fiduciary or Suitability

Today I was doing some research on a non-related topic.  I came across this write up that touches on fiduciary or suitability and thought I can share it with everyone.  The first 1-3 pages contain the key points you need to know.  Look for how a Broker-dealer are transaction based and are self-regulated.  Additionally, broker-dealers are NOT fiduciaries for their clients.

Investment advisors provide advice for a fee and are a fiduciary for their clients.  Additionally, investment advisors are regulated the Securities and Exchange Commission (SEC).Fiduciary or Suitability standard

For further reading – download this PDF from Pepperdine Law Review