What is a Fiduciary?
A Fiduciary is a person entrusted to manage assets or wealth on someone's behalf while acting in that person's best interests. Financial advisors who follow a fiduciary standard must disclose any conflict, or potential conflict, to their clients. Registered Investment Advisors (RIAs) are held to a fiduciary standard of care. They must act solely in the best interests of their clients, or disclose the relevant conflict. The Form ADV Part 2A contains relevant information and disclosures for all Registered Investment Advisors and can be found on the Securities and Exchange Commission (SEC) website.