What is a fiduciary and why is that important?
As a fiduciary, LCM Capital Management is obligated to put your interests first, unlike a brokerage account where the firm is not obligated to work in your best interest. A fiduciary is responsible for managing all investment activity with an investor’s best interests first. With LCM Capital Management being a federally registered investment advisory, the SEC performs periodic reviews of the firm. Ironically, brokerage firms state the following in their new account applications; “… your account is a brokerage account and not an advisory account.
