Form ADV, Part 3 (“Relationship Summary”)
Under rule 17a-14 under the Securities Exchange Act of 1934 and rule 204-5 under the Investment Advisers Act of 1940, broker-dealers registered under section 15 of the Exchange Act and investment advisers registered under section 203 of the Advisers Act are required to deliver to retail investors a relationship summary disclosing certain information about the firm.
Form ADV, Part 3 is part of Regulation Best Interest (Reg BI), which establishes a new heightened standard, beyond existing suitability obligations, requiring broker/dealer firms and associated persons to act in the best interest of retail customers at the time a recommendation is made about a securities transaction or investment strategy involving securities, without placing their financial or other interest ahead of the interests of retail customers. Reg BI also requires federal registered RIAs to create, deliver, maintain, and amend as necessary their own Relationship Summary.
As a “Hybrid” firm, our advisors can offer both brokerage and advisory services to our clients. Under our advisory role, our fiduciary responsibilities have a higher threshold of duty and loyalty to our clients than what is required under Reg BI. Thus, our firm will always hold our advisors to that higher standard of care.
Additionally, our Securities and Retirement Plan Consulting Program advisory services are offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC. LPL Financial’s Relationship Summary is also available below.
