"Our commitment is both ethical and legal"
- Kimmy Wan, MBA
KW Wealth Management
Founder and CEO
KW Wealth Management abides by the fiduciary standard, which is the highest standard of care in the industry. As such, we are legally obligated to act in clients’ best interest at all times. We avoid conflicts of interest, and disclose them if they arise.
What is the Fiduciary Standard?
Simply put, an advisor who abides by the fiduciary standard is ethically and legally bound to act in the best interest of clients at all times. The fiduciary standard is enforced by the Securities and Exchange Commission (SEC).
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In contrast to the fiduciary standard, the "suitability standard" is a lower legal and ethical standard of obligation in the financial industry. It requires that recommendations are “suitable” based on the client’s personal situation. However, the standard does not require the advice to be in the client’s best interest.