|JVK Life & Wealth Advisory Group
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Toll Free: 1-800-767-5933
|Custom Designed Financial Independence
Laws require reasonable steps be taken to identify, address, and disclose
potential material conflicts of interest that might reasonably arise between
clients and their financial advisor and/or firm.
A conflict of
interest is a situation in which JVK Life & Wealth Advisory Group (JVK),
its financial advisors or employees have a personal interest sufficient to
support or appear to influence the objective exercise of his or her duties to
deal fairly, honestly and in good faith with their clients.
financial advisors, and employees take reasonable steps to identify any
material conflict of interest, both existing and reasonably foreseeable.
JVK requires financial advisors and employees to always exercise good
judgement and work in the best interest of the client.
Where a financial advisor or employee becomes aware of any conflict or
potential conflict of interest, they shall immediately disclose such conflict
of interest to JVK. This would
include being a director or officer in a voting or non-voting position of a
condominium corporation or non-profit organization. Prior to approving an
outside business activity, JVK will take into consideration compensation, if
any, to be paid under the arrangement, the nature of the relationship between
the financial advisor or employee and the outside entity.
Where the financial advisor or employees’ position of influence
creates a conflict of interest that cannot be managed, it will be prohibited.
Once a material
conflict of interest is identified, it will be resolved in a timely manner, in
the best interest of the client.
If a conflict of
interest cannot be sufficiently addressed in the best interest of the client,
then the conflict will be avoided. For
example, JVK has implemented policies to prohibit financial advisors and
money to or extending credit to clients.
in any Investment Clubs with clients.
as power of attorney, except in the case of immediate family members.
Any known conflict
of interest arising from referral arrangements, dual occupancy, or other known
conflicts of interest will be disclosed to the client before account opening,
or in a timely manner upon identification. For example, where a financial
advisor or employee refers a client to a company in which the financial
advisor or employee has an ownership interest, such as a tax preparation