Alex and Ryan continue to discuss McLean’s ADV Part 2. It is the SEC-mandated document that an advisor provides to prospects and to existing clients at least once a year. The ADV Part 2 serves as your user manual for working with your advisor. We use McLean’s ADV to serve as a baseline for these episodes. In this episode, we discuss: 
An advisor’s code of ethics and how that translates into best practices for the business and client relationship.  
The role of the custodian and trading relationships with other institutional partners.
How often and how do advisors review your investment accounts? What are they holding themselves accountable to?
Referral fees. Do advisors receive fees for recommending other services or for referrals to other professionals? Conversely, do advisors pay fees for receiving referrals?
The difference between investment discretion and non-discretion in the management of your assets.
Assessing an advisor’s financial well-being.

Listen now to learn more!
 
Links 
To download McLean's ADV Part 2, click here: https://www.mcleanam.com/adv2a 
You can reach our guest Ryan Walters by visiting: https://rialawyers.com/ 
Join the waitlist for our next round of the Retirement Income Challenge at risaprofile.com/podcast 
If you are an individual consumer and would like to be directed to our sister firm McLean Asset Management you can get in touch at: https://www.mcleanam.com/start/
 
 
This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/roth/ to download McLean's free eBook, "Is a Roth Conversion Right For You?"