Product Description
Under federal law, an investment adviser is a fiduciary and must act in the best interest of its clients at all times. This fiduciary duty requires an investment adviser to provide advice that is in the best interest of the client, based on the client’s objectives, and eliminate or make full and fair disclosure of all conflicts of interest that might incline and investment adviser – consciously or unconsciously – to render advice which is not disinterested.
In June 2019, the U.S. Securities and Exchange Commission (“SEC”) published an “Interpretation Regarding Standard of Conduct for Investment Advisers” under the Investment Advisers Act of 1940 with an effective date of July 12, 2019. This interpretation was released to address in one release and reaffirm, or in some cases clarify, certain aspects of the fiduciary duty that investment advisers owe their clients. During this webinar, our consultant will discuss this SEC release. RCC’s consultant will provide guidance on things investment advisers must do to ensure that they are meeting their fiduciary duty to their clients and will provide tips for identifying conflicts of interest and ensuring that proper disclosures have been made.