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Abacus subscribes to the Institute for the Fiduciary Standard’s Best Practices

Abacus is proud to announce that it is part of the first class of advisors to subscribe to the Best Practices promulgated by the Institute for the Fiduciary Standard. These practices seek to uphold a high standard of transparent and objective advice.

For more information on the Institute and their Best Practices, visit thefiduciaryinstitute.org

The Best Practices +

+ Affirm the fiduciary standard under the Advisers Act of 1940, common law and, if applicable, ERISA and DOL’s COI Rule, govern all professional advisory client relationships at all times.

+ Establish and document a “reasonable basis” for advice in the best interest of the client.

+ Communicate clearly and truthfully, both orally and in writing. Do not mislead. Make all disclosures and important agreements in writing.

+ Provide a written statement of total fees and underlying investment expenses paid by the client. Include any payments to the advisor or the firm or related parties from any third party resulting from the advisor’s recommendations.

+ Avoid conflicts and potential conflicts. Disclose all unavoidable conflicts. Manage or mitigate material conflicts. Acknowledge that material conflicts of interest are incompatible with objective advice.

+ Abstain from principal trading unless a client initiates an order to purchase the security on an unsolicited basis.

+ Avoid compensation in association with client transactions. If such compensation is unavoidable, demonstrate how the conflict is managed and overcome and the product recommendation and compensation serves the client’s best interest.

+ Avoid gifts or entertainment that are not minimal and not occasional. Avoid third party payments, “benefits” and indirect payments that do not generally benefit the firm’s clients and may reasonably be perceived to impair objectivity.

+ Ensure baseline knowledge, competence and ongoing education appropriate for the engagement.

+ Institute an investment policy statement (IPS) or an investment policy process (IPP) that is appropriate to the engagement and describes the investment strategy. Have access to a representative universe of investment vehicles that provide ample options to meet the desired asset allocation in consideration of generally accepted criteria.

+ Consider peer group rankings or apply specific procedures in ensuring underlying investment expenses are reasonable.

+ The advisor affirms in writing adherence to Best Practices, and attains written affirmation from the firm that these business practices may be met by the advisor.

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Abacus subscribes to the Institute for the Fiduciary Standard’s Best Practices

Abacus is proud to announce that it is part of the first class of advisors to subscribe to the Best Practices promulgated by the Institute for the Fiduciary Standard. These practices seek to uphold a high standard of transparent and objective advice.

For more information on the Institute and their Best Practices, visit thefiduciaryinstitute.org

The Best Practices +

+ Affirm the fiduciary standard under the Advisers Act of 1940, common law and, if applicable, ERISA and DOL’s COI Rule, govern all professional advisory client relationships at all times.

+ Establish and document a “reasonable basis” for advice in the best interest of the client.

+ Communicate clearly and truthfully, both orally and in writing. Do not mislead. Make all disclosures and important agreements in writing.

+ Provide a written statement of total fees and underlying investment expenses paid by the client. Include any payments to the advisor or the firm or related parties from any third party resulting from the advisor’s recommendations.

+ Avoid conflicts and potential conflicts. Disclose all unavoidable conflicts. Manage or mitigate material conflicts. Acknowledge that material conflicts of interest are incompatible with objective advice.

+ Abstain from principal trading unless a client initiates an order to purchase the security on an unsolicited basis.

+ Avoid compensation in association with client transactions. If such compensation is unavoidable, demonstrate how the conflict is managed and overcome and the product recommendation and compensation serves the client’s best interest.

+ Avoid gifts or entertainment that are not minimal and not occasional. Avoid third party payments, “benefits” and indirect payments that do not generally benefit the firm’s clients and may reasonably be perceived to impair objectivity.

+ Ensure baseline knowledge, competence and ongoing education appropriate for the engagement.

+ Institute an investment policy statement (IPS) or an investment policy process (IPP) that is appropriate to the engagement and describes the investment strategy. Have access to a representative universe of investment vehicles that provide ample options to meet the desired asset allocation in consideration of generally accepted criteria.

+ Consider peer group rankings or apply specific procedures in ensuring underlying investment expenses are reasonable.

+ The advisor affirms in writing adherence to Best Practices, and attains written affirmation from the firm that these business practices may be met by the advisor.

FacebookTwitterLinkedIn

Abacus subscribes to the Institute for the Fiduciary Standard’s Best Practices

Abacus is proud to announce that it is part of the first class of advisors to subscribe to the Best Practices promulgated by the Institute for the Fiduciary Standard. These practices seek to uphold a high standard of transparent and objective advice.

For more information on the Institute and their Best Practices, visit thefiduciaryinstitute.org

The Best Practices +

+ Affirm the fiduciary standard under the Advisers Act of 1940, common law and, if applicable, ERISA and DOL’s COI Rule, govern all professional advisory client relationships at all times.

+ Establish and document a “reasonable basis” for advice in the best interest of the client.

+ Communicate clearly and truthfully, both orally and in writing. Do not mislead. Make all disclosures and important agreements in writing.

+ Provide a written statement of total fees and underlying investment expenses paid by the client. Include any payments to the advisor or the firm or related parties from any third party resulting from the advisor’s recommendations.

+ Avoid conflicts and potential conflicts. Disclose all unavoidable conflicts. Manage or mitigate material conflicts. Acknowledge that material conflicts of interest are incompatible with objective advice.

+ Abstain from principal trading unless a client initiates an order to purchase the security on an unsolicited basis.

+ Avoid compensation in association with client transactions. If such compensation is unavoidable, demonstrate how the conflict is managed and overcome and the product recommendation and compensation serves the client’s best interest.

+ Avoid gifts or entertainment that are not minimal and not occasional. Avoid third party payments, “benefits” and indirect payments that do not generally benefit the firm’s clients and may reasonably be perceived to impair objectivity.

+ Ensure baseline knowledge, competence and ongoing education appropriate for the engagement.

+ Institute an investment policy statement (IPS) or an investment policy process (IPP) that is appropriate to the engagement and describes the investment strategy. Have access to a representative universe of investment vehicles that provide ample options to meet the desired asset allocation in consideration of generally accepted criteria.

+ Consider peer group rankings or apply specific procedures in ensuring underlying investment expenses are reasonable.

+ The advisor affirms in writing adherence to Best Practices, and attains written affirmation from the firm that these business practices may be met by the advisor.

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