Nevada Revised Statutes Section 628A.020 - Professions, Occupations and Businesses

Duties of financial planner. A financial planner has the duty of a fiduciary toward a client. He shall disclose to the client, at the time advice is given, any gain he may receive, such as profit or commission, if the advice is followed. He shall make diligent inquiry of each client to ascertain initially, and keep himself currently informed concerning, the client’s financial circumstances and obligations and the client’s present and anticipated obligations to and goals for his family.

Last modified: February 27, 2006