What’s the difference? Quick Take Investment advisers must meet a certain standard of conduct, either suitability or fiduciary. Suitability standard requires advisers to make investment recommendations that are suitable based on a client's age, financial goals and risk tolerance. Fiduciary standard requires the adviser to place the clients' interest ahead of their own. Simply put, the fiduciary standard rises to a higher level of duty and care which is one reason why Sandy Spring Trust advisers follow the fiduciary standard.
By John Molster, Vice President and Director of Financial Planning, Sandy Spring Trust. The start of a new year is a great opportunity to take stock and organize your finances so that you’re set up for success. Here are five easy actions you can take today to help ensure a financially healthy year ahead.
