What is the relationship between my financial advisor and IFG Advisory?
IFG Advisory, LLC (IFG Advisory) is a Registered Investment Advisor with the Securities and Exchange Commission. Your advisor uses their own DBA or business name, but IFG Advisory is responsible for the supervision and compliance of the investment advice you receive from your financial advisor. IFG Advisory is bound by a fiduciary duty to always put the interests of clients above their own interests.
What is Form CRS?
Form CRS is a client or customer relationship summary. Advisers and brokers are required to deliver a relationship summary to you beginning in summer 2020. The relationship summary contains important information about the adviser or broker.
Why should I read a relationship summary?
Choosing or continuing to work with a financial professional is an important decision. Advisers and brokers offer different types of services and are paid differently. Reading a relationship summary can help you decide if an adviser or broker is right for you.
What information is in IFG Advisory’s relationship summary?
A relationship summary tells you about:
- the types of services the firm offers;
- the fees, costs, conflicts of interest, and required standard of conduct associated with those services;
- whether the firm and its financial professionals have reportable legal or disciplinary history; and,
- how to get more information about the firm.
A relationship summary also includes questions to help you begin a discussion with an adviser about the relationship, including their services, fees, costs, conflicts, and disciplinary information.
When will I receive IFG Advisory’s relationship summary?
Beginning in the summer of 2020, advisers will give you a relationship summary when starting a relationship with you or when your account changes (e.g., you rollover an IRA). If the information in the relationship summary changes, your adviser will be required to give you a new relationship summary or communicate the changes through another disclosure that must be delivered to you. You can also always request a relationship summary.
If you already have an advisory account, you will get your first relationship summary by July 30, 2020.
You will be able to find a firm’s relationship summary and find more information about a firm using the free and simple search tool on Investor.gov.