Fiduciary Duty: The legal duty of a fiduciary to act in the best interests of the beneficiary. 

Fiduciary Duty

Fiduciary: Any person entrusted with the property of another party and in whose best interests the fiduciary is expected to act when holding, investing or otherwise using that party’s property. By definition, regulators deem investment advisers to be fiduciaries.

Fiduciary Duty: The legal duty of a fiduciary to act in the best interests of the beneficiary. Fiduciary Duty also refers to the highest degree of trust, responsibility, and objectiveness required of anyone acting as a fiduciary.

MILAGRE and its supervised persons have a fiduciary duty to all advisory clients. MILAGRE and its supervised persons will act in each client’s best interests at all times and will not at any time place their interests ahead of any client’s interest. This fiduciary duty is considered the core underlying principle for the firm’s Code of Ethics and personal trading policy and represents the expected basis for all supervised persons’ dealings with clients of MILAGRE.

Some fiduciary duties include the following:


   Having a reasonable, independent basis for investment advice.


Providing only investment advice that is suitable to each individual client’s needs, goals and objectives, and personal circumstances.


Exercising reasonable care to avoid misleading clients.


  Making full and fair disclosure to the client of all material facts and when a conflict of interest or potential conflict of interest exists.


 Treating all clients fairly.

As an investment adviser, MILAGRE and all supervised persons will endeavor to make full and fair disclosure to clients when a conflict of interest exists. Disclosures will be provided in MILAGRE’s Form ADV. The Form ADV has been prepared to meet regulatory requirements and to fully inform clients of any situation that may represent a potential conflict of interest. Investment adviser representatives are required to provide all clients with MILAGRE’s Form ADV Part 2A and the Part 2B Brochure Supplement(s) prior to advisory services being provided or at the time of contracting for services with MILAGRE.

All client records and financial information will be treated with the highest level of confidentiality. MILAGRE and its supervised persons will not under any circumstances disclose confidential information to any unaffiliated third party that has not been granted a right by the client to receive such information. MILAGRE will provide all clients a copy of its written Privacy Notice/Privacy Policy Statement.

Milagre seeks to maintain a culture of compliance with our industry's rules and regulations.

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