seek comparisons from

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HolyUnicorn

Senior Member
Mandarin / the Shanghai Dialect
Hello,

For example, RIAs (Registered Investment Advisers) failed to seek comparisons from competing broker-dealers to test for pricing and execution quality. RIAs also did not adhere to procedures requiring that they continue to monitor their broker-dealers for the purpose of evaluating best execution.

SEC Publishes Most Frequent Best Execution Deficiencies Found by Examiners - Smart RIA

How can I interpret “seek comparisons from”? Does it mean RIA failed to compare themselves with competing broker-dealers?
 
  • Chez

    Senior Member
    English English
    Yes it does. Financial Advisors should always look for comparisons with other brokers so they can assure their customers they are offering a good deal.
     
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