At MWA, we believe that investment advisors owe a fiduciary duty to their clients. As such, they stands in a special relationship of trust and confidence. As fiduciaries, investment advisors have an affirmative duty of care, loyalty, honesty, and good faith to act in the best interests of clients. The parameters of this duty depend on the scope of the advisory relationships and generally include the following: (1) placing the interests of clients first at all times; (2) having a reasonable basis for investment advice; (3) seeking best execution for client securities transactions in which the advisor directs such transactions; (4) making investment decisions consistent with any mutually agreed-upon client objectives, strategies, policies, guidelines, and restrictions; (5) treating clients fairly; (6) making full and fair disclosure to clients of all material facts about the advisory relationship, particularly regarding conflicts of interest; and (7) respecting the confidentiality of client information.