Fiduciary standard can be complicated by dually registered advisers

As the number of financial advisers who are registered as both fiduciaries and nonfiduciaries grows, members of the investing public are left without a clear understanding of their relationship with their adviser, writes Samuel Scott of Sunrise Advisors. "More and more professionals who are not held to fiduciary standards are beginning to call themselves financial advisers or investment advisers," he writes.

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