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Viewing posts in the Fiduciary Corner category.

What’s the difference between “sole” interests and “best” interests?

Posted by Bennett Aikin on May 13, 2015 in Fiduciary Corner In the News Regulatory Update

If you’re like me, you’re probably guilty of using the terms interchangeably at least on occasion. So what is the difference between “sole” interest and “best” interest? And why does it matter? In his most recent Fiduciary Corner column for InvestmentNews, fi360 CEO Blaine Aikin looks at this distinction and asks whether some conflicts are what’s “best” for investors.  Sole Interests   The sole interest standard is the more rigid standard, requiring that conflicts of interest in a fiduciary relationship be avoided entirely. Strictly speaking, a sole...

What’s the difference between “sole” interests and “best” interests?

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