• Duty Of Loyalty. The duty of loyalty is the obligation of a fiduciary to put their clients’ interests first, and not favor its own interests, including providing full and fair disclosure of all material facts relating to the advisory relationship, and taking steps to avoid or at least make fair disclosure of any conflicts of interest.
Our Form ADV brochure can be read here (link to regulatory and/or advisor site). It includes important details about our practices, fees, other costs, conflicts of interests, how those conflicts are addressed, our disciplinary history, experience, credentials, how we choose investments, risks, and who you should contact about any issues that arise, among other things.
Dan’s CRS For Brokerage Relationships:
We are a broker-dealer and provide brokerage accounts and services rather than advisory accounts and services. This means our primary role is facilitating the buying and selling of securities and investment products. We must have a reasonable basis to believe a recommended transaction or investment strategy involving a security or securities is suitable for the customer.
Advisory accounts and services are subject to fiduciary duties. These duties include duty of loyalty (to you), duty of care, duty to provide best interest advice, duty to seek best execution, duty to Act and to provide advice and often, monitoring over the course of the relationship.
We are exempt from these fiduciary duties because any advice given is solely incidental to the conduct of our business as broker or dealer. If you wish to receive advice regarding any of the below, an advisory account is more appropriate.
i. advice about market trends is advice about securities;
ii. advice about the selection and retention of other advisers is advice about securities;
iii. advice about the advantages of investing in securities versus other types of investments (e.g., coins or real estate) is advice about securities;
iv. providing a selective list of securities is advice about securities even if no advice is provided as to any one security; and