⟩ Explain me are you fiduciary? What safeguards does your firm have in place to ensure that my assets are protected from fraud? Have you ever received disciplinary infractions for unlawful or unethical actions? How do you ensure that your firm remains in compliance with legal and regulatory statutes?
Your advisor should always answer, "Yes, I am a fiduciary." In order to safeguard your assets, they should be held with reputable third-party custodians. Your advisor should address whether or not he or she has received disciplinary infractions both individually and as a firm.
Advisors who strictly adhere to a code of ethics and client bill of rights have defined standards in place that they can share with clients. Your advisor should be compliant with the Financial Industry Regulatory Authority (Finra), the Securities and Exchange Commission and state and regulatory agencies.
