Client divorce splits advisers’ fiduciary duty of loyalty
InvestmentNewsAugust 22, 2018
When a client couple divorces, their adviser relationship must change too. What was once a singular fiduciary duty of loyalty splits in two. "Success" in these situations requires the adviser to serve the best interests of the separated clients, a goal that is complicated by the collapse of the couple's shared vision for the future, which must be recast to address the individuals' needs.
