Verity- A True Fiduciary Relationship
A fiduciary is required by law to always act in the best interest of their clients. At VCM we take this responsibility very seriously. It’s a core value and guides everything we do. Most investors are unaware that this fiduciary standard is not universal in the investment industry. Many firms portray themselves as fiduciaries but do not act in the best interest of their clients. This practice is very common in the brokerage industry where a much less stringent suitability standard is the norm.
VCM is a Registered Investment Advisor, which means by law we are required to act in our clients’ best interest.
Our Pledge To Investors is:
- To put their interest first
- To act in utmost good faith
- To provide full and fair disclosure
- Not to mislead clients
- To disclose any conflicts of interest in a full and fair manner
Definition of Fi•du•ci•ar•y
A person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profit.
“It has been said, I think, accurately, that fiduciary duty
is the highest duty known to the law.”
–John Bogle, Founder and former chief executive, The Vanguard Group