Forbes: What Is A Registered Investment Advisor (RIA)?

Michael Baughman was quoted in Forbes' article "What Is A Registered Investment Advisor (RIA)?"

“Some advisors operate under a lesser standard known as the ‘suitability standard,’” says Michael Baughman, a CFP with Parsec Financial in Tryon, N.C. “The suitability standard only requires that an investment be ‘suitable’ for a client. These advisors are not required to disclose potential conflicts of interest or make a client aware of less expensive or more tax-efficient alternatives.”

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