The qualified small business stock (QSBS) exclusion (Section 1202) is a U.S. tax benefit that applies to eligible shareholders of a qualified small business (QSB). This exclusion was enacted in 1993 to encourage investment in certain types of businesses.
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.
Evaluating an investment manager is no easy feat. At first it seems impossible to know who really is as knowledgeable as they say or who actually has your best interest at heart.
