Which of the following refers to when brokers who provide non-retirement advice are only required, by law, to provide clients with a suitable product, not necessarily the best product?

Question

Quizplus · Accepted Answer

The suitability standard requires brokers to recommend financial products that are suitable for their clients based on their financial needs and personal situations, but it does not require the product to be the best possible option, unlike the fiduciary standard which requires acting in the best interest of the client.

Which of the Following Refers to When Brokers Who Provide