The first duty of a Registered Investment Advisor is to act as a FIDUCIARY in the best interest of the client. The second duty is to avoid conflicts of interest by acting in a non-biased manner. Wall Street is full of conflicts and biases. Most are based upon financial incentives, but others can be based upon non-financial reasons that can create a biased playing field between the advisor and the clients. Currently, Wall Street has adopted the position that it can retain its conflict and biases, with all the financial benefits attached, and simply overwhelm the client with disclosures and fine print.
At Tradewinds Capital Management we strive to first avoid potential conflicts of interest and remain non-biased to any particular investment product or company. Any particular conflicts of interest that may be present between a Tradewinds Capital Management Advisor and our client are clearly stated in our ADV Brochure.