Does your adviser act in the client’s best interest?

To verify an adviser’s fiduciary duty and disclosures, clients should carefully review formal documents, regulatory filings, and direct communications that spell out the adviser’s legal obligations, commitment to act in the client’s best interest, and full, specific disclosure of conflicts and compensation. How to Verify Fiduciary Duty Ask for Written Commitment: Directly ask the adviser for a written statement or contract confirming their fiduciary obligation to act in your best interest always, and their willingness to avoid or disclose any conflicts of interest. Check Regulatory Registration: Confirm that the adviser is registered with SEBI as an RIA, which legally mandates […]

Read more