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Fiduciary Obligation

An Investment Advisor is subject to the Investment Advisors Act of 1940 (The Act) and is considered a fiduciary. The word "fiduciary" comes from the Latin word for "trust."

There are five major responsibilities a fiduciary has when it comes to clients. They are:

1) to put clients' interest first;

2) to act with utmost good faith

3) to provide full and fair disclosure of all material facts;

4) not to mislead clients; and

5) to expose all conflicts of interest to clients.