There is much discussion currently among different trade groups and classes of advisors with respect to the proposed harmonization of rules for all types of advisors serving the investing public. While much of the conversation focuses on methods of compensation and which types of advisors are true fiduciaries, the clients best interests are getting lost in the debate. NorthStar believes that a well conceived investment process, with controls and compliance incorporated throughout, offers the best solution for clients of broker dealers, RIAs, trust companies and other wealth managers.

This NorthStar White Paper provides an outline for business unit managers on which processes are necessary to provide fiduciary-quality care for clients, irrespective of the outcome of the current political debate in Washington.