July 29, 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.
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: Very Useful:
d. Comparison to different account types: Very Useful: I thought it was very informative. I had an account in 1990s and I had an advisory that I really like. However, in 1993 he was no longer my advisor for some reason. I don't remember if he left the firm. The advisor who replaced him was totally different. She sold stocks without asking and buying annuities as replacements without asking. After reading the typical advisory accounts. I finally find out what happen. My original advisor was non discretionary and the replacement advisor was discretionary.
e. Conflict of Interests: Very Useful:
f. Additional Information: Very 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: I don't know if I would put the transaction-base fee as the second comment after the comment about selecting investments or recommending investment or leave it as is.
c. Is the Relationship Summary easy to read?: Yes:
d. Should the Relationship Summary include additional information about different account types?: Somewhat:
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?:
I think it is okay.
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?:
I think it is a good starting point. Sometimes when I read about something I may not be too familiar, a certain word/sentence may trigger a thought/question that I would asked about.
6. Is the Relationship Summary an appropriate length? If not, should it be longer or shorter?:
I think the length is fine.
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?:
I think the "key questions to ask" useful. It would give a "new" person key ideas to talk about and may trigger different questions based on the "new" person.
8. Do you have any additional suggestions to improve the Relationship Summary? Is there anything else you would like to tell us?:
No.