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Literature Review: Investment Professionals and Fiduciary Duties, CFA Institute Research Foundation, September, 2014

Posted by McDevitt & Kline, LLC on 2/23/2016 to News
The Biblical admonition that a person cannot serve two masters is at the heart of the problem in applying a fiduciary standard to a broker-dealers transaction-based commission business.

By its very nature as a for-profit entity, a broker-dealer will inherently act in its own financial interest by dealing for its own account and by striving to maximize its profits.

Literature Review: Investment Professionals and Fiduciary Duties

Check out this recent article reviewing the literature on fiduciary duties in the investment management industry.

Literature Review: Investment Professionals and Fiduciary Duties, CFA Institute Research Foundation, September, 2014