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   Best Execution
   















 

B

Best Execution

In the United States, investment advisors have a fiduciary obligation to obtain the best possible net execution for the accounts they manage. In the United Kingdom, a similar obligation falls on a broker acting as the investment manager's agent. Determining what constitutes the best execution is often difficult.

For the latest developments on promoting customer protection, see "Key Risk Concepts: Customer Protection."

Glossary * B