WHAT IS FIDUCIARY RESPONSIBILITY?

In simple terms, financial coaches with fiduciary responsibility have a legal responsibility to put clients’ needs ahead of their own.  They have a responsibility that holds a higher ethical standard and pertinent knowledge to provide sophisticated wealth management services and advice. The investor must always come first. At Charter Advisory Services, LLC we always put your needs ahead of our own and live up to our fiduciary responsibilities. Charter Advisory Services, LLC as an American fiduciary company is legally bound to comply with the American Federal Act for Data Protection as well as to abide to the professional code of conduct. Charter Advisory Services, LLC grants its clients its highest commitment in this respect, on the following three levels:

• Legal Obligations: Charter Advisory Services, LLC commits to be fully compliant with the American Federal Act of Data Protection which sets out the legal frame on how confidential non-public personal data has to be protected.
• Contractual Duties: Every agreement or contract Charter Advisory Services, LLC enters into implies duties and obligations which Charter Advisory Services, LLC shall fulfill at its highest level of professionalism.
• Professional Secrecy: Charter Advisory Services, LLC is bounded by its professional secrecy as an American Fiduciary to protect client’s confidentiality at its highest level.

At Charter Advisory Services, LLC INTEGRITY means that if we say something, we do it, believe it, and demonstrate it with our actions. While no individual or company is perfect, we strive to make our communications and actions consistent and deliver on what we promise.

WHAT IS AN RIA?

A Registered Investment Adviser (RIA) is an investment adviser (IA) registered with the Securities and Exchange Commission or a state’s securities agency.

An IA must adhere to a fiduciary standard of care laid out in the US Investment Advisers Act of 1940.

This standard requires IAs to act and serve a client’s best interests with the intent to eliminate, or at least to expose, all potential conflicts of interest which might incline an investment adviser—consciously or unconsciously—to render advice which was not in the best interest of the IA’s clients.

Mark Nichols is the president of Charter Advisory Services, LLC, an RIA firm.