Our Fiduciary Oath to You


At PNW Asset Management, we pledge the following Fiduciary Oath to you:

WE AFFIRM TO YOU, OUR CLIENT, THAT WE ARE A REGISTERED INVESTMENT ADVISER AND/OR INVESTMENT ADVISER REPRESENTATIVE WITH A DEFINED LEGAL FIDUCIARY OBLIGATION TO YOU. WE COMMIT AT ALL TIMES DURING ANY ASPECT OF OUR RELATIONSHIP TO THE FOLLOWING CORE FIDUCIARY OBLIGATIONS:

We will always put your best interests first. We will not seek to remove our ‘fiduciary hat.’ We will always be your trusted adviser during our trusted adviser-client relationship. We will act with prudence and with the skill, care, diligence, and good judgment of professionals. We will recommend to you only prudent investment strategies backed by solid evidence (through extensive analysis or through academic research, or both). We will conduct extensive due diligence on both the investment strategies and investment products which we recommend to you. We will ensure that the total fees and costs you pay for the receipt of investment and financial advice and in relation to the implementation of any strategies will be fully disclosed. Not only will we ensure that the total fees and costs you pay are fully disclosed, those fees will also be reasonable, never excessive, and agreed upon in writing in advance. We will not mislead you, and we will provide conspicuous, full and fair disclosure of all material facts. We will explain these facts to you. We assume the obligation to ensure your understanding of these important facts.

We will avoid conflicts of interest. We will not suggest that we engage in a principal trade with you. We will not sell you a proprietary product of our firm, nor a product from any affiliated firm, nor a product from any firm in which we hold a material interest. We will not accept 12(b)-1 fees unless they are fully and completely credited by our firm against the investment advisory fees that you pay to this firm. We will not receive payment for shelf space or other forms of revenue-sharing payments. We will avoid other forms of material third-party compensation unless they help us deliver better service to you. For example, a qualified custodian with whom we have a relationship might provide us with research and brokerage services. These research and brokerage services from a qualified custodian are considered soft dollar compensation from an outside vendor, and therefore, they create a conflict of interests. However, if the services help us serve all of our clients better, we might accept them if, through good faith due diligence and comparative practices, we determine the qualified custodian’s fee structure is reasonable and competitive. The resulting conflict of interests will be fully disclosed.

We will fully disclose and fairly manage, in your favor, any unavoidable conflicts. If they occur, we will ensure your complete understanding of these few and rare conflicts of interest. Even then, we will recommend the best course of action for you, in adherence to our continuing obligation to act in your best interests and to ensure substantive fairness exists at all times.

For our trusted advice and expertise as your financial guide and educator, we require only reasonable professional fees, fully disclosed and agreed-to in writing in advance. WE ARE, AND WILL ALWAYS BE, DURING ANY ASPECT OF OUR RELATIONSHIP, NOW AND IN THE FUTURE, YOUR BONA FIDE FIDUCIARY ADVISER.

Sincerely – your PNW Asset Management Team.


Ask your present or prospective financial professional to sign and return this Fiduciary oath to you. Simply click the PDF link below, and print and present (or email) it to your financial professional. Anyone with whom you are presently, or are considering, working should not hesitate to sign this simple and straightforward Fiduciary oath. A hesitancy to sign it and return it to you is a warning that the individual or entity may NOT be acting as a full-time Fiduciary with your best interest as their top priority.

Fiduciary Oath PDF link.