Exit this survey fi360-AdvisorOne Wealth Fiduciary Standard Survey 1. Question Title * 1. Do you have a fiduciary relationship with your clients? Yes, all clients No Some are RIA-fiduciary relationships and some are BD-suitability relationships For some clients, I have both a fiduciary relationship and suitability relationship Please explain how that works in your practice: Question Title * 2. Does your firm provide compliance and support services that are primarily geared to support the fiduciary standard of care for clients or the suitability standard? Fiduciary Suitability Additional comments about why you chose the answer you did: Question Title * 3. Do you believe a uniform fiduciary standard for brokers and advisors would help regain investors’ confidence? Yes No Additional comments about why you chose the answer you did: Question Title * 4. Do you believe there needs to be clearer differentiation between product providers and advice providers? Yes No Additional comments about why you chose the answer you did: Question Title * 5. Do you believe the titles “advisor,” “consultant” and “planner” imply fiduciary standards of care? Yes No Additional comments about why you chose the answer you did: Question Title * 6. Do you believe a fiduciary duty for brokers who provide advice would reduce product and service choice for investors? Yes No Additional comments about why you chose the answer you did: Question Title * 7. Do you believe it costs investors more to work with fiduciary advisors than brokers when all costs to the investor (not only the advisor’s compensation) are considered? Yes No Additional comments about why you chose the answer you did: Question Title * 8. Do you believe a fiduciary standard of care for brokers would price some investors out of the market for advice? Yes No Additional comments about why you chose the answer you did: Question Title * 9. Do you believe the fiduciary standard requires advisors to only recommend the lowest cost products and services? Yes No Additional comments about why you chose the answer you did: Question Title * 10. Do you believe the fiduciary standard of care requires ongoing monitoring of clients’ portfolios or can a ‘scope of engagement’ be agreed on between client and advisor? Ongoing monitoring Scope of engagement Additional comments about why you chose the answer you did: Question Title * 11. What do you view as the primary role of disclosures in your practice? Informing investors of product risks and conflicts of interest so that they can decide whether each of my investment recommendations serves their interests Informing investors about the background and business practices of me and my firm so investors can decide whether they can rely upon me for sound and objective recommendations and advice Neither Both Additional comments about why you chose the answer you did: Question Title * 12. Are disclosures alone sufficient to manage conflicts? Yes No Additional comments about why you chose the answer you did: Question Title * 13. Do you believe the suitability standard currently governing broker-dealers and registered representatives is heavily enforced? Yes No Additional comments about why you chose the answer you did: Question Title * 14. Do you believe the fiduciary standard currently applied to state and federally registered investment advisers is heavily enforced? Yes No Additional comments about why you chose the answer you did: Question Title * 15. Do you believe investors understand the differences between brokers and investment advisers? Yes No Additional comments about why you chose the answer you did: Question Title * 16. There is a large gap that separates the knowledge base of professional advisors (RIAs and brokers) from that of investors regarding investments and financial services. Does this ‘knowledge gap’ make professional advice much more important to individual investors? Makes advice more important Investors should become more informed and make better decisions for themselves Additional comments about why you chose the answer you did: Question Title * 17. How would you describe the differences between the suitability standard and the fiduciary standard? Question Title * 18. Do you believe SEC Chairman Schapiro supports extending the Fiduciary Standard, as in the Investment Advisers Act of 1940, to brokers who provide advice? Yes No Additional comments about why you chose the answer you did: Question Title * 19. If you have any additional comments about any of the questions asked in this survey or on the fiduciary standard in general, please enter them here: Question Title * 20. Demographic SurveyRegistration: RIA Registered Rep Dual Registration Question Title * 21. Demographic SurveyCompensation: Fee Only Fee Based Fee/Commission Commission Question Title * 22. Demographic SurveyAssets Under Management: <$50 million $50-$99 million $100-$249 million >$250 million >$500 million >$1 billion Question Title * 23. Optional: Name: Company: Email Address: Phone Number: Done