Nautilus Advisors LLC is a Fiduciary

Federal and state laws require that Registered Investment Advisors are held to a Fiduciary Standard. This law requires that an advisor act solely in the best interest of the client, even if that interest is in conflict with the advisor’s financial interest. Investment Advisors must disclose any conflict, or potential conflict, to the client prior to, and throughout a business engagement. Investment Advisors must adopt a Code of Ethics and fully disclose how they are compensated.

Fiduciary - A Financial Advisor held to a Fiduciary Standard occupies a position of special trust and confidence when working with a client. As a fiduciary, the Financial Advisor is required to act with undivided loyalty to the client. This includes disclosure of how the Financial Advisor is to be compensated and any corresponding conflicts of interest.

Who is a Fiduciary?

Fiduciary responsibility applies to more than just the financial services industry. Professionals in other fields also are legally required to work in your best interest.

Type of Professionals

  • Physicians
  • Lawyers
  • Stock Brokers
  • Insurance Agents
  • Registered Representatives
  • CFP Practitioners
  • Financial Planners

Are They Fiduciaries?

  • Yes, by following the Hippocratic Oath
  • Yes
  • No
  • No
  • No
  • Maybe*
  • Maybe*

*Advisors who are affiliated with a broker-dealer firm are most likely not fiduciaries. If the client signs an NASD binding arbitration agreement (which is required by almost every broker-dealer firm), then the firm’s advisors would not be held to a Fiduciary Standard by the North American Securities Dealers. CFP Practitioners and Financial Planners are held to a Fiduciary Standard if they are also Registered Investment Advisors (RIA) or associated with an RIA.

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