What does 'fiduciary duty' mean for a registered investment adviser compared to a broker-dealer's suitability standard?
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A
Both require the same level of care
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B
A fiduciary must always act in the client's best interest; a suitability standard only requires recommendations be suitable, not necessarily optimal
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C
A fiduciary can charge higher fees; suitability advisers charge lower fees
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D
A fiduciary only works with institutional clients; suitability advisers work with retail clients