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
A)fiduciary standard.
B)fee-only standard.
C)commision-only standard.
D)suitability standard.

Question

Quizplus · Accepted Answer

A financial planner who makes recommendations solely based on the best interest of the client is adhering to a fiduciary standard. This means that they are legally and ethically obligated to act in the best interest of their clients and to disclose any potential conflicts of interest. This is considered the highest standard of care in the financial industry.

A Financial Planner Who Makes Recommendations Solely Based on the Best