Financial Planning FAQs
DIFFERENCE BETWEEN FIDUCIARY STANDARDS AND SUITABILITY STANDARDS
DIFFERENCE BETWEEN BUY & HOLD AND DYNAMIC ASSET ALLOCATION/ACTIVE MANAGEMENT
DIFFERENCE BETWEEN PROACTIVE AND REACTIVE ACCOUNT MANAGEMENT
Under this philosophy, a proactive system will call to attention any issues, suspected conflicts of interest, or potential harm that a client could encounter. A reactive approach explains what happened and why it happened, but does not attempt to adjust or mitigate risk to the client. Summit's approach has always been proactive and will continue to be so.