Regulatory Best Interest Policy
Effective Date: 8/26/23
This Regulatory Best Interest Policy (“Policy”) outlines the commitment of Independent Decentralized Finance (“Advisory Team”) to act in the best interests of its clients in accordance with regulatory requirements. This Policy applies to the services provided through the website https://independence.finance (“Website”).
1. Fiduciary Duty
The Advisory Team acknowledges its fiduciary duty to act in the best interests of its clients. This duty encompasses a duty of care, loyalty, and utmost good faith. The Advisory Team will exercise prudence, diligence, and skill in providing advice and making recommendations to clients.
2. Client-Centric Approach
a. The Advisory Team will prioritize the interests of clients above its own interests or those of any affiliated parties.
b. Recommendations and advice provided to clients will be based on their individual financial circumstances, risk tolerance, investment goals, and other relevant factors.
3. Full and Fair Disclosure
a. The Advisory Team will provide clear, accurate, and understandable information to clients about the nature of the advisory relationship, including fees, potential conflicts of interest, and the scope of services.
b. Material conflicts of interest that could compromise the best interests of clients will be disclosed in a timely manner, allowing clients to make informed decisions.
4. Mitigation of Conflicts of Interest
a. The Advisory Team will implement policies and procedures to identify and manage conflicts of interest that may arise between the interests of the Advisory Team, its employees, and its clients.
b. The Advisory Team will make reasonable efforts to eliminate or mitigate conflicts of interest and ensure that the client’s best interests remain paramount.
5. Due Diligence
a. The Advisory Team will conduct thorough due diligence on investment options and products recommended to clients, ensuring that they are suitable and aligned with the client’s objectives.
b. Investment recommendations will be based on a reasonable belief that they are in the best interests of the client.
6. Ongoing Monitoring and Review
a. The Advisory Team will monitor the performance of investments and the progress toward achieving the client’s goals on an ongoing basis.
b. If changes in the client’s circumstances or market conditions necessitate adjustments to the investment strategy, the Advisory Team will communicate with the client and make appropriate recommendations.
7. Compliance with Applicable Laws and Regulations
a. The Advisory Team will comply with all applicable laws, regulations, and industry standards related to providing investment advisory services.
b. This Policy is designed to ensure compliance with relevant regulations, including any requirements related to the best interest standard.
8. Education and Communication
The Advisory Team will strive to educate clients about the advisory process, investment risks, potential rewards, and the importance of making informed decisions that align with their financial objectives.
By accessing or using the services provided by the Advisory Team through the Independent Decentralized Finance Website, you acknowledge that you have read, understood, and agree to the principles outlined in this Regulatory Best Interest Policy. This Policy demonstrates the Advisory Team’s commitment to acting in the best interests of its clients and maintaining the highest standards of professionalism and ethics.