Sentences with phrase «fiduciary standard means»

Besides being a salesman, the fiduciary standard means that when making personal financial decisions, we look beyond our assets under management.

Not exact matches

Those not working to the fiduciary standard are held only to a suitability standard, meaning their advice must be suitable for the clients» financial situation, but is not necessarily in their best interest.

Plus, I operate at a fiduciary standard, meaning I'm legally obligated to act in their best interest.»

This measure, part of the new fiduciary standard's best interest contract exemption (or BICE), means advisors and others have to figure out how to best define reasonable compensation by April 10, 2017.

This means the company uses a fiduciary standard, and their financial suggestions have to be in your best interest.

A rule announced last year by the Department of Labor, will soon require them to uphold what's called a «fiduciary» standard, meaning they must put their clients» best interests first.

That means they can recommend funds based on commissions, not prudence — the standard by which 401 (k) fiduciaries must select funds.

All of our wealth management advisors are fiduciaries, a legally defined standard of guidance and service that means an advisor is required to always act in his or her clients» best interests.

Fee - Only financial advisors are held to the Fiduciary Standard, which means we are required, by law, to put our clients» best interest ahead of our own, but 75 % of financial advisors are held to a much lower ethical standard called the suitability sStandard, which means we are required, by law, to put our clients» best interest ahead of our own, but 75 % of financial advisors are held to a much lower ethical standard called the suitability sstandard called the suitability standardstandard.

Robo - advisors are usually registered as portfolio managers and are responsible for managing your money to a «fiduciary» standard (which means they're obligated to do so in your best interests).

The fiduciary standard isn't new — advisors and companies regulated by the SEC are required to follow the fiduciary rule, meaning they put their clients» interests first.

The terms «correction» and «correct» mean, with respect to a prohibited transaction, undoing the transaction to the extent possible, but in any case placing the plan in a financial position not worse than that in which it would be if the disqualified person were acting under the highest fiduciary standards.