What must advisers consider to fulfill their best execution duty?

To fulfill their best execution duty, advisers must consider a variety of factors that encompass both price and non-price considerations. Best execution is a legal obligation that requires advisers to seek the most favorable terms for their clients' trades, which involves evaluating multiple aspects that can affect the overall outcome of a trade.

Price is an obvious consideration, reflecting the costs directly associated with executing a trade. However, non-price factors are equally important and can include factors such as the reliability and responsiveness of the broker, the quality of the services provided, the speed of execution, the likelihood of execution, and the circumstances of the market at the time of the trade.

By considering a diverse set of factors, advisers can make informed decisions that best serve their clients' interests, ensuring not only that trades are executed at a favorable price but also that other qualitative elements that could impact the investment's performance are taken into account. This holistic approach aligns with regulatory expectations and ensures that clients receive the highest level of care and diligence in trade execution.