# kaal:claim:2337268-036

**Claim.** Because investment advisers owe a duty to obtain best execution for customer orders, they ought to evaluate the executions carried out on their clients' behalf on a periodic basis.

**Type.** normative  **Support.** argued

**Holds when.**

- advisers placing or directing client orders

**Source quote.**

> investment advisers are subject to a duty to obtain the best execution for customer orders,103 investment advisers ought to periodically evaluate the executions on behalf of their clients.

**From.** Wulf A. Kaal, *Investment Adviser Regulation* (2013), 9. Prohibited Practices, page 21

**Cite as.** Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

**Verify.** sha256 of source PDF `7075ce35282a8ee75b81ae3dec0e19f68631beae7f3c3a00ab2827538dc9e302` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Investment%20Adviser%20Regulation.pdf

**Topics.** corporate-governance

**Keywords.** best-execution, fiduciary-duty, order-execution, periodic-review

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