Sentences with phrase «mutual interest to both clients»
The managing broker may also provide information or advice on issues of mutual interest to both clients.
https://www.recbc.ca/ Not exact matches
This would mean brokers could take undisclosed kickbacks to push certain products, and place their interests ahead of their customers — recommending mutual funds and other products that earned them the highest fees, rather than served the interests of clients.
The firm thought it could create a conflict of interest between its mutual fund and hedge fund clients, he said, and «they wanted me focused 100 percent on the funds that they wanted to do.»
Affirming a unity of purpose to act for the enhancement of their profession and the interests of their clients, and desiring always to maintain the full individuality of each member while promoting their mutual objectives, the members of the Book Agents» Organization agree to behave ethically towards each other, their clients, and the public and to adhere to the Book Agents» Organization Canon of Ethics.
«Interest has only increased in the current volatile market environment, and we are pleased to be able to activate Russell's proprietary research in a mutual fund format that provides advisers and their clients with a key tool to employ this investment approach.»
The responsibility of an investment advisor, mutual fund salesperson or financial planner to always put the client's interests first.
The Employee Retirement Income Security Act (ERISA) requires trustees to be prudent in making investment choices for their 401 (k) clients, yet mutual fund trustees have a competing interest to maximize investments in their own proprietary funds.
Professionals have businesses and clients to worry about, meaning there is an inherent conflict of interest that exists in the mutual fund world (and much of that carries over to most hedge funds as well).
On February 12, 2018, the U.S. Securities and Exchange Commission («SEC») announced a new self - reporting initiative that seeks to protect clients of investment advisors from undisclosed conflicts of interest when purchasing mutual funds.
The team will work with collaboratively - trained attorneys in an amicable, respectful, and family - centered manner to problem - solve with clients toward their mutual goals and interests.