Hi, guys. First-time posting here!
I am about to sign a client agreement with a financial advisor. After going through the agreement I don't see a section specifically mentioning that he is going to act as a fiduciary. When I asked him about it, he mentioned that the fiduciary standard is implied and the agreement was drafted by a compliance group and he sent me this link which mentions that an investment advisor (IA) must adhere to a fiduciary standard of care laid out in the US Investment Advisers Act of 1940:
https://en.wikipedia.org/ wiki/Registered_Investment_ Adviser
So is this the standard?
Thank you
I am about to sign a client agreement with a financial advisor. After going through the agreement I don't see a section specifically mentioning that he is going to act as a fiduciary. When I asked him about it, he mentioned that the fiduciary standard is implied and the agreement was drafted by a compliance group and he sent me this link which mentions that an investment advisor (IA) must adhere to a fiduciary standard of care laid out in the US Investment Advisers Act of 1940:
https://en.wikipedia.org/
So is this the standard?
Thank you
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