Attendees will acquire tools for evaluating the ethical standards of a financial advisor. They will understand the potential conflict of interest between the “suitability standard” that applies to the brokerage industry versus the much higher fiduciary standard that applies to fiduciaries and registered investment advisors. They will learn how to interview financial advisors and identify those with the knowledge and competence to manage fiduciary portfolios in compliance with the laws regulating fiduciary investing. They will understand the difference between the advisor they work with, his or her broker/dealer, and the “custodial firm” that may hold the person’s assets.
A professional fiduciary is sometimes reticent to accept clients with substantial investment portfolios, as he or she is intimidated by the prospect of fulfilling the responsibility of monitoring the investment portfolio. Perhaps even more worrisome, he or she may worry about finding a financial advisor who understands how to comply with fiduciary investment law and who he or she simply feels can be trusted. This webinar will help you overcome that challenge by teaching you how to find a knowledgeable advisor and by helping you understand how the financial industry operates.
Original Presentation Date – Wednesday, November 18, 2015
About The Presenters – Lee Anke & Ted Ong
Lee H. Anke is an SEC-registered investment advisor (RIA) and has been counseling investment clients since 1977, specializing in developing and managing Modern-Portfolio-Theory portfolios to comply with the UPIA and in servicing the needs of both public and private fiduciaries. He has managed PIN’s premier discipline, the “PIN Conservative Portfolio” since 2001. He developed and teaches Management of the Investment Portfolio, one of five classes comprising the Professional Fiduciary Management for Trustees curriculum at the California State University at Fullerton. Lee has served as an expert witness in the San Diego, Los Angeles, Riverside and El Dorado County Courts in California; also in the Las Vegas NV and Pima County AZ courts on matters including suitability of investments under state probate codes, compliance with the Uniform Prudent Investor Act (UPIA) and fiduciary abuse.
Ted H. Ong has been an investment professional since 1983. He is an SEC-registered Investment Advisor specializing in servicing the needs of both public and private fiduciaries. In order to better service clients, Ted also retains dual licensing as a Registered Representative subject to FINRA supervision. He teaches classes and round tables at annual conventions of the National Guardianship Association, the Professional Fiduciary Association of California (PFAC), the Florida State Guardianship Association, the Texas Guardianship Association, the Arizona Fiduciaries Association, the Washington Association of Public Guardians, and the California Public Administrators Public Guardians and Public Conservators Association. He also serves as a consultant to the San Diego Fiduciary Abuse Specialist Team (FAST).
Continuing Education Credit
This webinar has been approved by the Center for Guardianship Certification for 1.5 credits.
