Nevada Revised Statutes 628A.020 – Duties of financial planner
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A financial planner has the duty of a fiduciary toward a client. A financial planner shall disclose to a client, at the time advice is given, any gain the financial planner may receive, such as profit or commission, if the advice is followed. A financial planner shall make diligent inquiry of each client to ascertain initially, and keep currently informed concerning, the client’s financial circumstances and obligations and the client’s present and anticipated obligations to and goals for his or her family.
Terms Used In Nevada Revised Statutes 628A.020
- Client: means a person who receives advice from a financial planner. See Nevada Revised Statutes 628A.010
- Fiduciary: A trustee, executor, or administrator.
- Financial planner: means a person who for compensation advises others upon the investment of money or upon provision for income to be needed in the future, or who holds himself or herself out as qualified to perform either of these functions, but does not include:
(a) An attorney and counselor at law admitted by the Supreme Court of this State;
(b) A certified public accountant who holds a certificate issued pursuant to Nevada Revised Statutes 628A.010