More Than Just An Advisor In light of recent changes in the financial services industry, many consumers are wondering if their financial advisor is a fiduciary. We pride ourselves in always doing right by our clients and acting as fiduciaries over their investments.The Fiduciary DutyThe fiduciary duty requires an advisor to act in the best interest of their clients and to put their clients’ needs above their own at all times. They must act with loyalty and care, provide upfront disclosures to the client, and eliminate all conflicts of interest. These are some of the advantages of working with an advisor who assumes the fiduciary code of ethics.Beyond the TitleWhile most individuals in the industry call themselves financial advisors, there are differences between professionals and how they approach their practice. For example, any person engaged in the business of effecting transactions for the account of others is a stockbroker. You may not hear the term “stockbroker” very much anymore and may instead hear titles such as wealth managers, wealth advisors, or financial advisors. Regardless of the title, the key question is whether or not they act as a fiduciary to you and your family. Seeking out an investment advisor who will act as your fiduciary can help eliminate many of the problems associated with working with an advisor who is solely concerned with commissions and making sales. We, as fiduciaries, always serve our clients' interests.