Bryan Cothran Email & Phone Number

What is a registered Investment Advisor?“A fiduciary is an individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein the fiduciary has a legal obligation to act for another’s benefit.”You are wrong if you think that anyone offering financial advice to their clients is a fiduciary. Stockbrokers (also called “Registered Representatives”, “Account Executives”, “Financial Advisors” or “Wealth Managers”) and Certified Financial Planners (CFP) affiliated or employed by broker-dealers are NOT fiduciaries. (1)A registered Investment Advisor subject to the Investment Advisers Act of 1940, is a fiduciary.(2)Cothran Capital is a fiduciary.The legal investment advising standards that govern a NON-FIDUCIARY stockbroker and a FIDUCIARY registered Investment Advisor are very different.• A NON-FIDUCIARY stockbroker follows only the “suitability” standard, which does not require a stockbroker to place the interest of its clients ahead of its own. Under the NON-FIDUCIARY suitability standard, a stockbroker need provide only “suitable advice” to its clients – even if the stockbroker knows that the advice is not the best advice of the client.• A FIDUCIARY registered Investment Advisor must follow the “trust” standard –the highest known in law– which requires it to place the interests of its clients ahead of its own and fulfill critical fiduciary duties of trust and confidence. Under the fiduciary trust standard, a registered Investment Advisor must provide its “best advice” to a client.Even if a NON-FIDUCIARY stockbroker wanted to follow the “trust” standard of law and become a fiduciary to its clients, it cannot do so because of the contract it has with its broker-dealer. Such contracts require the stockbroker to place the interests of the broker-dealer before the interests of the stockbroker’s clients.

Listed skills include B2B, Sales, Sales Process, Selling, and 15 others.