The Regulatory Environment
There are two levels of legal and regulatory oversight: the legal requirements for clients who are fiduciaries or trustees for an account, and the regulations applicable to an advisor's practice. It is important to understand the requirements for each.
Read more about this topic: Investment Policy Statement
Famous quotes containing the word environment:
“Today the young actors regard their environment with rage and disgust. They regard their Master not as disciples regard their Master, but as slaves regard their Master.”
—Judith Malina (b. 1926)