Quiz_________________?
Standard of Care - Fiduciary -
Answer✅
1-Principles and relationship based
2-Undivided duty of loyalty to client:
• Avoid or manage conflicts
• Greater transparency of conflicts
3-Duty of care of a prudent expert with utmost good faith:
• Prudent expert standard
• Advice must be suitable and in clients best interests
Quiz_________________?
Standard of Care - Fair Dealing -
Answer✅
1- Rules and transaction-based
• Arms-length relationship
2 - Divided loyalty of agent between firm and customer:
• Conflicts may exist unmanaged and undisclosed
3 - Deal fairly, consistent with industry suitability standard:
1
,• Suitability standard rapidly evolving
Quiz_________________?
Global Fiduciary Standards of Excellence -
Answer✅
the investment process FI360 designed to ensure investment decisions are prudently
managed.
Quiz_________________?
Investment Fiduciary -
Answer✅
someone who is managing the assets of another person and stands in a special relationship
of trust, confidence, and /or legal responsibility.
Quiz_________________?
Investment Stewards -
Answer✅
manage the overall investment decision-making process
Quiz_________________?
Investment Advisors -
Answer✅
professionals who provide comprehensive and continuous advice to Stewards.
Quiz_________________?
Investment Managers -
Answer✅
make securities transaction decisions and generally act with discretion.
2
, Quiz_________________?
How many investment Stewards? -
Answer✅
more than five million men and women, responsible for managing more than 80% of the
nation's liquid invested assets.
Quiz_________________?
Examples of Stewards -
Answer✅
individuals who serve as:
• trustees;
• committee members for endowments, foundations, and
other institutional accounts;
• plan sponsors; or
• who occupy similar positions entrusted with managing
assets for others.
• stand at the top of the fiduciary pecking order.
Quiz_________________?
How many Investment Advisors -
Answer✅
Approximately 317,000* investment advisors as of 2011
Quiz_________________?
Examples of Investment Advisors -
Answer✅
- wealth managers
- financial advisors
- trust officers
3
Standard of Care - Fiduciary -
Answer✅
1-Principles and relationship based
2-Undivided duty of loyalty to client:
• Avoid or manage conflicts
• Greater transparency of conflicts
3-Duty of care of a prudent expert with utmost good faith:
• Prudent expert standard
• Advice must be suitable and in clients best interests
Quiz_________________?
Standard of Care - Fair Dealing -
Answer✅
1- Rules and transaction-based
• Arms-length relationship
2 - Divided loyalty of agent between firm and customer:
• Conflicts may exist unmanaged and undisclosed
3 - Deal fairly, consistent with industry suitability standard:
1
,• Suitability standard rapidly evolving
Quiz_________________?
Global Fiduciary Standards of Excellence -
Answer✅
the investment process FI360 designed to ensure investment decisions are prudently
managed.
Quiz_________________?
Investment Fiduciary -
Answer✅
someone who is managing the assets of another person and stands in a special relationship
of trust, confidence, and /or legal responsibility.
Quiz_________________?
Investment Stewards -
Answer✅
manage the overall investment decision-making process
Quiz_________________?
Investment Advisors -
Answer✅
professionals who provide comprehensive and continuous advice to Stewards.
Quiz_________________?
Investment Managers -
Answer✅
make securities transaction decisions and generally act with discretion.
2
, Quiz_________________?
How many investment Stewards? -
Answer✅
more than five million men and women, responsible for managing more than 80% of the
nation's liquid invested assets.
Quiz_________________?
Examples of Stewards -
Answer✅
individuals who serve as:
• trustees;
• committee members for endowments, foundations, and
other institutional accounts;
• plan sponsors; or
• who occupy similar positions entrusted with managing
assets for others.
• stand at the top of the fiduciary pecking order.
Quiz_________________?
How many Investment Advisors -
Answer✅
Approximately 317,000* investment advisors as of 2011
Quiz_________________?
Examples of Investment Advisors -
Answer✅
- wealth managers
- financial advisors
- trust officers
3
