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:
“Maturity involves being honest and true to oneself, making decisions based on a conscious internal process, assuming responsibility for one’s decisions, having healthy relationships with others and developing one’s own true gifts. It involves thinking about one’s environment and deciding what one will and won’t accept.”
—Mary Pipher (20th century)