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Excerpt from Practical Guidance

Expert Analysis

Fiduciary Duties Under The Advisers Act Vs. Delaware Law

Law360, New York (April 7, 2017, 12:34 PM EDT) -- Fiduciary duties lie at the heart of an investment adviser's relationship with its advisory clients. As a general matter, fiduciaries must not act in a manner that conflicts with their clients' interests; but rather, they must pursue their clients' best interests with "utmost good faith" and in priority to their own. Yet, despite this seemingly straightforward proposition, fiduciary duties can raise difficult questions for investment advisers and the clients that they serve....

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