"DIFFERENCES BETWEEN A WEALTH MANAGER & A FIDUCIARY ADVISOR" BY MR. GREEN VIA BEARDED PATRIOTUSA, 10 FEB

 Bearded_PatriotUSA Telegram post 2/9/24

Forwarded from Mr Green B:

FYI -Here’s an easier explanation of the differences between a Wealth manager and a Fiduciary Advisor.

Differences between a wealth manager and a fiduciary advisor? 

A wealth manager and a fiduciary advisor are both professionals who provide financial advice and management services, but there are some differences between them: 

1. Scope of Services:

– Wealth Manager: A wealth manager typically offers comprehensive financial planning and investment management services. They may assist clients with a wide range of financial needs, including investment planning, retirement planning, tax planning, estate planning, and risk management.

– Fiduciary Advisor: A fiduciary advisor is specifically obligated to act in the best interests of their clients at all times. While they may also offer comprehensive financial planning services, their primary focus is on providing advice and recommendations that are solely in the client’s best interest. 

2. Fiduciary Duty:

– Wealth Manager: While many wealth managers strive to act in their clients’ best interests, they may not be legally bound to do so in all situations. Some wealth managers may operate under a suitability standard, which requires them to recommend products that are suitable for the client’s financial situation, but not necessarily the best option available.

– Fiduciary Advisor: A fiduciary advisor is held to a higher standard of care known as the fiduciary duty. This means they are legally obligated to always act in the best interests of their clients, putting their clients’ interests ahead of their own and avoiding conflicts of interest. 

3. Compensation Structure:

– Wealth Manager: Wealth managers may be compensated through a variety of fee structures, including asset-based fees, hourly fees, or commissions on product sales. Some wealth managers may receive commissions for selling certain financial products, which can create potential conflicts of interest.

– Fiduciary Advisor: Fiduciary advisors often operate on a fee-only basis, meaning they are compensated solely through fees paid by their clients. This fee structure minimizes conflicts of interest, as fiduciary advisors do not receive commissions or incentives for recommending specific products. 

4. Regulatory Oversight:

– Wealth Manager: Wealth managers may be subject to regulatory oversight depending on their jurisdiction and the services they offer. However, regulatory requirements may vary, and not all wealth managers may be held to the same standards of conduct.

– Fiduciary Advisor: Fiduciary advisors are typically held to stricter regulatory standards, particularly if they are registered investment advisors (RIAs) in the United States. RIAs are regulated by the Securities and Exchange Commission (SEC) or state securities regulators and are required to adhere to fiduciary standards. 

In summary, while both wealth managers and fiduciary advisors provide financial advice and management services, fiduciary advisors are held to a higher standard of care and are legally obligated to act in their clients’ best interests at all times. Choosing between the two depends on individual preferences, investment needs, and the level of trust and confidence desired in the advisor-client relationship.

https://t.me/Bearded_PatriotsUSA/15720

Please stop lying to people about the dinar BY NADER FROM MID EAST

Al-Mandalawi refers the request to remove foreign forces from Iraq to the legal, security and defense committees, 10 FEB

 Al-Mandalawi refers the request to remove foreign forces from Iraq to the legal, security and defense committees

The Media Department of the House of Representatives confirmed that the Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, referred the request to remove foreign forces from Iraq to the legal and security and defense committees. A statement from the Information Department of the Council indicated that “the request is signed by more than 100 deputies to the two committees (legal, security and defense) and related to a proposal for a law to remove foreign forces from Iraq.”

 He added that “Al-Mandalawi called on the government to implement the decision of the House of Representatives No. (18) of 2020, related to the removal of foreign forces and the termination of their missions in Iraq, based on the development of Iraqi security capabilities, and the absence of any new agreement with foreign forces that must remain.”

https://www.dijlah.tv/index.php?page=article&id=342323

"RV UPDATE" BY FRANK26, 10 FEB

 Frank26  

 We're in the Venturi effect (a narrow opening and you're trying to squeeze a lot through it).  You know how you put your finger on a hose and you can squirt it much further?  That's the Venturi effect.  We're having a Venturi effect with intel.

 Question:  "Are they going to put a cap on the dinar if it goes too high?"

  IMO this is an RI which means they should reinstate the value back to at least $3.22.   That's the rate it was when it was brought down...$3.22 was back in 2003.  What is it 21 years later it's still $3.22?  

...It seems to me there should be at least anywhere from 20% to 30% added to $3.22 - Anywhere from $3.86 to about $4.25 would be a good capping range IMO. 

Article: "Observer: Ending the mission of the United Nations office in Iraq takes Iraq out of Chapter Seven" 

 TAKES YOU OUT OF CHAPTER VII... AND PUTS YOU IN AN INTERNATIONAL BASKET!

Vietnam Dong update for 02/09/24 - could we see change in the rate after...by PIMPY

The Kuwaiti dinar is in the lead.. Learn about the 10 strongest currencies in the world during 2024, 10 FEB

The Kuwaiti dinar is in the lead.. Learn about the 10 strongest currencies in the world during 2024

The Kuwaiti dinar ranked on the throne of currencies in the world for the year 2024, while the US dollar came in last place on the list of the 10 strongest global currencies.

The dinar of the Gulf state is divided into 1,000 smaller units known as (fils). 

Contrary to popular belief, the highest currency is not necessarily the most widely traded or used in international transactions, according to specialized economic websites.

While the US dollar, British pound and euro are often associated with global power and trade, they do not hold the top spot in terms of value when exchanged for the Indian rupee.

n 2024, the Kuwaiti dinar will excel in terms of exchange rate, making it the most expensive currency in the world, as it is the currency with the highest exchange rate against the dollar, and every 1 Kuwaiti dinar is worth 3.25 dollars, followed by the Bahraini dinar, which is worth 2.65 dollars.  link

"NON-DISCLOSURE AGREEMENT (NDA)" BY WOLVERINE

WOLVERINE

The Non-Disclosure Agreement (NDA) is a fundamental process in ALL large commercial contracts. Remember that you are about to become an “ultra-high net worth individual” and your confidentiality agreement prohibits you from:

1. Talk about your date.
2. What you are exchanging.
3. What rates you achieved in any format.

❇The first short NDA would be signed and generated electronically by the Safe Link website from which we will obtain our T4B 800# to make our exchange and exchange appointments.

❇The second NDA would be signed in hard copy at the exchange and exchange appointment.

All calls and voicemails will be logged. All phone call logs will be logged. All text messages will be logged. Twitter will be monitored (if active). Facebook will be monitored (if active). All networks will be monitored social networks and forums. All devices will connect to the federal government systems and seek to cancel exchanges for anyone who violates the Non-Disclosure Agreement by discussing virtual reality exchanges, dating or exchanging her, etc.

These confidentiality agreements will last approximately 90 days (possibly longer). Certain words will not be allowed to be mentioned.

❇If you need to talk to friends, family, or anyone related to your specific projects, be sure to add them to your NDA Addendum/Waiver document.

Be careful not to send unnecessary messages or information that goes against the law.

These are legal agreements we are signing!

Avoid sharing confidential information with your friends and family. Even telling your children puts you at risk. Be very careful! Be careful of your surroundings. Anything you text, write, or say can be used against you because of your confidentiality agreement. Don’t risk it.

IF YOU VIOLATE THIS NDA, YOUR FUNDS WILL BE FROZEN AND CONFISCED.

This will come into effect as you complete the information on the Safelink website.

❇There are some mechanisms within the Safelink website that require you to agree to an NDA before receiving the 800 number to call.

If you are bringing a guest to your appointment, please inform the telephone operator.

They will also be asked to sign a confidentiality agreement and bring their KYC documents.

You will not receive responses from any moderators/administrators.

❇There are exemptions for your NDA that need to know this information and are determined to know the proof and the origin of the funds, for example: lawyers, asset managers, accountants, etc.

❇They are already protected by confidentiality within their professional files. But that doesn’t mean you can’t get them to sign another one with you directly.

Ask your banking team to let you have an NDA template that you can use alongside yours. Print multiple copies.

❇When you arrive at the appointment, you will sign the NDA again with wet ink.

Ask if you can add a short list of exemptions, i.e. spouse, children, etc.

Take that list with you and make sure it is attached to the NDA before you sign it.

https://t.me/Bearded_PatriotsUSA/15669