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BtrueNorthb Wealth Advisors Form ADV Part 2 Brochure

BtrueNorthb Wealth Advisors Form ADV Part 2 Brochure

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the business model for broker dealers is much different than that for investment advisors we use the term customers for broker dealers because broker dealers are selling securities products or recommending that somebody make a transaction in a security that will benefit the broker dealer so they sit across the table from their customers and they make recommendations that are suitable and of course they don't do anything dishonest but the advisor is a fiduciary they're managing the client's assets or they're at least telling them what to do and they have to make sure that all that advice is objective if there's any sort of double or side benefit that the advisor might get if the client accepts a particular recommendation or trade then that's the conflict of interest that has to be disclosed so a fiduciary relationship i'm your advisor i'm managing your money and i have to put your interest ahead of my own so in the brokerag

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