Sentences with phrase «as a fiduciary»

Each spouse, by law, has an obligation to act as a fiduciary for the highest and best good of the community, much like the Trustee of a bank.

No agent to act as fiduciary for the seller or to help the seller with negotiations, home inspections nor disclosures.

Your job as a fiduciary advisor to your client is to ensure they remember to investigate every relevant issue, including those they may not think of on their own.

He also performs estate and trust planning and administration, as well as fiduciary claim litigation and ancillary administration.

A judge's obligation under this Code and the judge's obligation as a fiduciary may come into conflict.

The duties of the broker as a fiduciary are loyalty, confidentiality, obedience, full disclosure, and accounting and the duty to use skill, care, and diligence.

This means that they must provide financial planning services as a fiduciary, or acting in the client's best interest.

As your fiduciary representative, we will act in your best interests at all times.

The transaction broker statute provides that transaction brokerage is a limited form of representation where the broker does not represent its client as a fiduciary.

A financial advisor working as a fiduciary will better help you accomplish your financial goals because they will only have your interests in mind.

Investors, advisors, and regulators have spent years arguing over who should be classified as a fiduciary, but few ask what that fiduciary status means.

A broker or adviser who serves as a fiduciary over your retirement assets doesn't necessarily have to act in your best interest when managing your other assets; make sure you ask.

We work only as a fiduciary advisor to our clients in exchange for a reasonable fee.

So, my guess is that in the retirement account, he want with some of the no - load funds because he couldn't justify the large sales load as a fiduciary.

The claim concerned alleged negligence in the bank's performance as fiduciary asset manager of the pension scheme.

As used in this section, the term «dual agent» means a broker who represents as a fiduciary both the prospective buyer and the prospective seller in a real estate transaction.

This rule mandates that all financial professionals who work with retirement plans or provide advice on retirement accounts act as a fiduciary.

Also, I am obligated to serve as a fiduciary for all trust fund and / or «retainer» amounts that are given to me by a client.

As a fiduciary for your wealth, we strive to exhibit intelligence, wisdom, and humility in our work and advice.

The Court, with reference to Whiten v. Pilot Insurance Co., 2002 Carswell Ont 537, explained that an actionable wrong is «a breach of a distinct and separate contractual provision or other duty such as a fiduciary duty.»

A business can insure the individuals who act as fiduciaries of a qualified retirement plan, such as the company's directors, officers, employees and other natural person trustees.

Because the DOL's fiduciary rule is so broad, an advisor's recommendation to a client to select a particular investment manager would be viewed as fiduciary advice relating to the «management» of the client's investment account.

When you work with a Fee - Only Financial Planner, the result is unbiased financial advice from a professional who is committed to acting as a fiduciary in a client - centered relationship.

The Labor requirements, adopted in April, call for brokers to put clients» interest first, an obligation known as fiduciary duty.

Embracing our role as fiduciaries shows that we're more than salespeople; we offer value as skilled advisors who help our clients navigate the complexities and nuances of a deal.

In fact, a recommendation for a participant to take a rollover distribution would be viewed as fiduciary advice, even if the advisor does not include any actual investment recommendations along with the rollover recommendation.

At paragraph 82, the SCC noted that an actionable wrong can be established with a breach of a distinct and separate contractual provision or other duty such as a fiduciary duty.

The Supreme Court of Canada set out the importance of this trust in articulating the lawyer as a fiduciary in R v. Neil (2002) as confirmed in Canadian National Railways v. McKercher (2013).

The initiative «Commit to implement the recommendations of the Task Force on Climate - related Financial Disclosures» is an update to the previous We Mean Business coalition initiative «Commit to report climate change information in mainstream reports as a fiduciary duty».

It moved some investment options into the least - costly share classes, and in March again changed the plan's management and investment lineup, hiring a new adviser as fiduciary and replacing all the «Fujitsu LifeCycle» funds with a new set of customer target - date funds called the «Fujitsu Diversified» funds (it also replaced most of the funds in the plan).

Perhaps we should require more of directors as fiduciaries.

The Fiduciary Rule treats persons who provide investment advice or recommendations for a fee or other compensation with respect to assets of a plan or IRA as fiduciaries in a wider array of advice relationships than was true of the prior regulatory definition (1975 Regulation).

In contrast, portfolio managers must live up to a «best interest» standard (also known as a fiduciary standard).

But, but, but — advisers, including broker / advisers, have operated as fiduciaries for as long as 50 years, without needing definitions.

«They are attacking Comptroller DiNapoli because he simply set out the real facts, as he is obligated to do as a fiduciary:?

Trump's order will give the new administration time to review the change, known as the fiduciary rule.

NAFA's suit alleges the DOL rule is invalid on grounds that the agency exceeded its authority to regulate IRAs and that it improperly categorizes insurance agents as fiduciaries.

«If you recommend that someone roll their money out of a plan, that's going to count as fiduciary advice,» Hauser replied.

Fixed indexed annuity (FIA) products will now be subject to the best interest contract exemption (BICE) of the DOL final fiduciary rule, meaning that the advisor will be required to act as a fiduciary with respect to recommendations provided in connection with these products.

Some of the most important things to ask an advisor are whether they are acting as a fiduciary while advising you on your retirement accounts, and what exactly you're paying for, with a fee breakdown.

The Qualified Trust Account also ensures that the investor's exchange funds and / or assets are held as fiduciary funds and are therefore protected against claims from potential creditors of the Qualified Intermediary.

At the heart of the issue is the common law of agency, which is defined as the fiduciary relationship that results when a buyer or seller hires an agent or broker to act on their behalf.

At the same time, DCIIA says, plan sponsors serving as fiduciaries also benefit from providing their plan participants access to lower fees that result from the greater asset levels.

Likewise, you can't expect people to act as fiduciaries if they're not fiduciaries.

Most fee - based financial advisors regulated as fiduciaries appear to feel the same way.