Does Merrill Lynch act as a fiduciary for clients investing in digital assets?

3 answers

• Dec 26, 2021 · 3 years ago
  As a financial institution, Merrill Lynch has a fiduciary duty to act in the best interest of their clients. When it comes to investing in digital assets, Merrill Lynch should provide the same level of fiduciary responsibility and act in the best interest of their clients. However, it's important for investors to do their own due diligence and understand the risks associated with digital asset investments.
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• Dec 26, 2021 · 3 years ago
  Merrill Lynch is a well-established financial institution with a long history of serving clients. While they may not specifically advertise themselves as fiduciaries for digital asset investments, it is expected that they would act in the best interest of their clients. It's always a good idea to have open and honest communication with your financial advisor to ensure that your investment goals and risk tolerance are properly aligned.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we believe that it's important for financial institutions to act as fiduciaries for their clients, especially when it comes to investing in digital assets. While we can't speak specifically for Merrill Lynch, we encourage investors to choose a financial advisor who prioritizes their clients' best interests and has a deep understanding of the digital asset market.
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