The fiduciary standards that financial professionals are held to vary, and the key distinctions are seldom understood. Clients trust that their interests are placed first at all times, ahead of interests of the professional or their firm, but this is not always true.
MBR Financial, is a Registered Investment Advisor and, as such, we adhere to a fiduciary standard that covers our entire relationship with you, including monitoring and ongoing advice. As a Firm, we are also held to the strictest cumulative standards from among the many professional designations we individually hold each of which has its own Code of Ethics.
[T]he investment adviser fiduciary duty generally is broader and applies to the entire relationship between adviser and client, including providing non-securities advice, whereas Regulation Best Interest only applies at the time of a recommendation of any securities transaction or investment strategy.
—SEC Release No. 34-8603 1347-8
What This Means To You
Loyalty: We put your interest first, at all times.
Confidentiality: We maintain the privacy of your information.
Professionalism: We act with honesty, integrity, competence, and diligence.
Due care: We practice due care in our judgment, care, prudence and determinations.
Disclosure: We avoid conflicts of interest and will disclose them when they are unavoidable.