Financial Institutions as Fiduciaries: Managing Conflicts of Interest in the Wealth Management Business

116 Pages Posted: 24 Jul 2010

Date Written: October 6, 2006

Abstract

This paper examines the different fiduciary and regulatory standards applicable to bank trust departments, securities brokers, and investment advisers and suggests guidelines for managing conflicts of interest in the wealth management business.

Keywords: fiduciary duty, fiduciary standards, securities broker, investment adviser, broker-dealer, conflicts of interest, uniform prudent investor act, bank trust department, prudent investor rule

Suggested Citation

Fein, Melanie L., Financial Institutions as Fiduciaries: Managing Conflicts of Interest in the Wealth Management Business (October 6, 2006). Available at SSRN: https://ssrn.com/abstract=1646972 or http://dx.doi.org/10.2139/ssrn.1646972

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