Value Investment Professionals provides fee-only asset management services with a fiduciary standard of care.
What is the “fiduciary standard” of care?
- Putting the client’s best interest first.
- Acting with prudence – the skill, diligence, and good judgment of a professional.
- Providing full and fair disclosure of all important facts.
- Avoiding conflicts of interest and fully disclosing situations where conflicts exist.
An advisor with a “fiduciary standard” must place clients into prudent investments.
They cannot lawfully lead clients into high-cost investments without justification – particularly when known lower cost alternatives exist.
A fiduciary standard is more stringent when compared to brokers’ suitability standard – the standard accepted by broker-dealers.
A fiduciary standard is superior to brokers’ lower suitability standard – the standard accepted by many major banks.
What is a “suitability standard”?
- Knowing the client and their financial situation.
- Recommending products that are suitable to their situation.
Brokers with a “suitability standard” may intentionally or unknowingly place clients into higher cost investments that may enrich the broker at the expense of the client’s return. This is lawful under the suitability standard.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of Value Investment Professionals, LLC and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services are offered through Value Investment Professionals, LLC, an SEC Registered Investment Advisor. Being registered as a registered investment adviser does not imply a certain level of skill or training. All investing involves risk including loss of principal. Past performance does not guarantee future results. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the States of New York, New Jersey, California or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Value Investment Professionals, LLC is not affiliated with or endorsed by the Social Security Administration or any government agency. Images and photographs are included for the sole purpose of visually enhancing the website. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.