Fiduciary vs. Broker
With CIRM as your fiduciary, you have an experienced partner on your team. We act for the sole benefit and interest of our clients, with no financial interest in any recommendation. Here we compare our fiduciary approach to that of a traditional broker.
Fiduciary
• Continuously acts for the sole benefit and interest of client.
• No conflict of interest.
• Compensation is not transaction-based.
Broker
• Owes no duty to either party in a transaction.
• Compensation is transaction-based and may charge a variety of fees.
• Can be subject to incentives or commission with both parties.
Activities we offer as
part of our expertise.
| Activity | CIRM | Brokers |
|---|---|---|
| Indemnification Agreement | N/A | ◉ |
| Pre- and Post-Trade Documentation | ◉ | ◉ |
| Price Discovery, Competitive Bidding | ◉ | ◉ |
| Loan Review | ◉ | Additional Fee |
| Dodd-Frank and Regulatory Compliance | ◉ | Additional Fee |
| Hedge Accounting | ◉ | Additional Fee |
| Valuations | ◉ | Additional Fee |
| Client Portal | ◉ | Additional Fee |
| Project-Level Hedge Strategies | ◉ | N/A |
| Strategic Portfolio Counsel | ◉ | N/A |
| Underwriting and Budgeting Assistance | ◉ | N/A |
| Ongoing Risk Optimization | ◉ | N/A |
| Forward Rates and Pricing Analysis | ◉ | N/A |
| Governance/Corporate Hedge Strategy | ◉ | N/A |
| Investor/Partner/Board Presentations | ◉ | N/A |