While most advisors perceive the worth of getting referrals, most, admittedly. For example, a broker-vendor platform or program wherein the financial advisor is confined to using larger-value mutual funds or variable annuities would probably run afoul of the fiduciary’s obligation to keep away from waste of the consumer belongings, particularly the place similar lower-price investments have been out there in the marketplace.
This product is one to collaborate with our early users and collect their feedback and work with them as we proceed to construct out our function set because what we really envision, Marie, is a time when advisors will be capable to entry one place and conduct business from one place online and their purchasers could have one experience and access their advisor in one place on-line.
When fiduciary duties are relevant contractually below B.I.C.E. for the management of IRA accounts, then it extra possible that widespread law …