July 18, 2018
1. Overall, do you find the Relationship Summary useful? If not, how would you change it? If so, what topics and how can they be improved?:
Yes, the relationship summary is useful.
2. How useful is each section of the Relationship Summary? Please consider explaining your responses in the comments:
a. Type of Relationship and Service: Very Useful:
b. Our Obligations to You: Very Useful:
c. Fees and Costs: Useful: What would make it better is if it has samples of costs in particular with each firm a client is dealing with.
d. Comparison to different account types: Very Useful:
e. Conflict of Interests: Not Useful: It doesn't clearly tell me whether the company will do this or not. In fact, it tells me that the company may do this and I should be fine with it. What is my way of knowing whether the company is recommending the best thing for me?
f. Additional Information: Not Useful:
g. Key Questions to Ask: Very Useful:
3. Please answer the following questions. Please consider explaining your responses in the comments:
a. Do you find the format of the Relationship Summary easy to follow?: Yes:
b. Is the information in the appropriate order?: Yes:
c. Is the Relationship Summary easy to read?: Yes:
d. Should the Relationship Summary include additional information about different account types?: Yes:
e. Would you seek out additional information about a firm's disciplinary history as suggested in the Relationship Summary?: Somewhat:
4. Are there topics in the Relationship Summary that are too technical or that could be improved?:
The definition of a broker dealer and investment advisory is not very clear.
5. Is there additional information that we should require in the Relationship Summary,such as more specific information about the firm or additional information about fees? Is that because you do not receive the information now, or because you would also like to see it presented in this summary document, or both? Is there any information that should be made more prominent?:
Yes. I would like to see additional information regarding specific firm rather than a general description. I may receive it today, but not in an easy to understand format. It is still a lot of fine print.
6. Is the Relationship Summary an appropriate length? If not, should it be longer or shorter?:
Yes, it is appropriate length.
7. Do you find the 'Key Questions to Ask' useful? Would the questions improve the quality of your discussion with your financial professional? If not, why not?:
Very good questions.
8. Do you have any additional suggestions to improve the Relationship Summary? Is there anything else you would like to tell us?: