March 2015: Advisor or Salesperson?
Advisor or salesperson? Clients may not know if their financial representative is subject to a weaker “suitability requirement” of the salesman or the stronger “fiduciary standard” of a Registered Investment Advisor (RIA). Marin Financial Advisors is a RIA firm, regulated by the SEC and therefore subject to more transparency and laws that require us to put our clients’ interests ahead of our own. Brokerage firms and banks including such well known firms such as Merrill Lynch, Morgan Stanley, Wells Fargo Advisors and UBS do not act as advisory firms. Instead they are subject to the rules...
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