- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Fiduciary standard
Posted on 12/19/13 at 11:27 pm
Posted on 12/19/13 at 11:27 pm
Several people on here have asked about financial advice. Just understand there are two levels in the industry. Brokers must meet a suitability standard meaning a single investment sold must be suitable for a client. Investment advisors are SEC registered and must meet a fiduciary standard meaning they must be responsible for your portfolio and financial picture. Much higher standard and its why the brokerage industry is opposing congressional efforts to raise the suitability standard. Doesn't mean one is right or wrong for any one circumstance just understand the difference. As to insurance agents, just but insurance from them.
1
Posted on 12/20/13 at 9:05 am to 1609tiger
quote:
insurance agents, just but insurance from them.
What if they are investment advisors as well?
Posted on 12/20/13 at 2:16 pm to GoCrazyAuburn
As long as they are SEC or state RIAs (registered inv advisors) I would consider . Anyone can call themselves an "advisor".
This post was edited on 12/20/13 at 2:18 pm
Posted on 12/21/13 at 1:59 am to 1609tiger
Well, they wouldn't be compliant, but yes they could technically call themselves that. Most know not to call themselves advisors unless they are truly registered advisors, because he can get them in some hot water.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News