Fiduciary vs. Suitability Standards-Your Need to Know the Difference
Beth Banker, a successful business woman, has been having ongoing neck and back issues. She decided to access web based information as to obtain self treatment options. Upon her reading, she realized that her condition, although appearing musculoskeletal in nature may be more involved with underlying pathologies. Although her intent was to heal herself, in reality she became more concerned and stressed as to the amount of research and data that existed?which she didn?t understand.
Investment Portfolios Need Someone to Take Fiduciary Responsibility
There is a protocol to follow after a new patient enters your office. Staff is expected to meet, greet, welcome and have a patient fill out forms. This allows the Doctor of Chiropractic (D.C.) to ascertain demographics, responsibility of payment, the patient?s primary complaint and reason for visiting the office. Similar to that of a Doctor of Chiropractic who cares for a patient and follows the oath to do no harm, a Certified Financial Planner (CFP), parallels the doctor?s fiduciary responsibility.