Publicly owned investment firms are legally obligated to place their shareholders’ best interests before their clients’ best interests.
As a privately owned Registered Investment Adviser (RIA), Skloff Financial Group is legally obligated to place your best interests before any other party when we manage your investments.
The same way a law firm must accept fiduciary duty when representing clients, a Registered Investment Adviser (RIA) must accepting fiduciary duty when managing clients’ assets.
According to the U.S. Securities and Exchange Commission: “As an investment adviser, you are a “fiduciary” to your advisory clients. This means that you have a fundamental obligation to act in the best interests of your clients and to provide investment advice in your clients’ best interests.”