A financial planner who makes recommendations solely based on the best interest of the client regardless of the impact on the planner is said to adhere to a

Question

A financial planner who makes recommendations solely based on the best interest of the client regardless of the impact on the planner is said to adhere to a​

Quizplus · Accepted Answer

The fiduciary standard requires the financial planner to place the client's interests ahead of their own, even if it means recommending a product or service that generates less compensation for the planner. This standard ensures that the planner acts ethically and provides unbiased advice, which is in the client's best interest.

A Financial Planner Who Makes Recommendations Solely Based on the Best