In the investment field, there are two primary parties who are legally authorized to offer investment advice. These parties are either “investment advisors”, who work for a Registered Investment Advisor, or “registered representatives” of a broker-dealer. Investment advisors are held to a fiduciary standard that was established by the Investment Advisors Act of 1940. This means that investment advisors are legally bound to put their client’s interest above their own and must not engage in any conduct that could be considered to contain a conflict of interest. Registered representatives and broker-dealers must merely meet a “suitability” standard, which means that they make recommendations that are deemed “suitable” for that client, even if a conflict of interest exists.
Your financial advisor at Clinton Wealth Management is an investment advisor representative of Sowell Management Services, a Registered Investment Advisor, and we are committed to upholding the highest standards of care mandated for those with fiduciary obligation to put their client’s interest ahead of their own. This means no form of compensation from any source other than as fully disclosed in the fee agreement between us and our clients.