1004 Due Diligence
Due Diligence is a process or review of a process to measure the skill, good judgment, common sense and persistent personal attention which exceeds that expected from and ordinarily exercised by a reasonable person under particular circumstances.
Due Diligence, as it relates to WF or FF track is not measured by any absolute standard, but depends on the relative facts of a specific case or situation. All facts relating to a client’s individual circumstances must be considered as well as any possible consequences.
Administratively there are required services and recommended services. Due diligence is required.
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