More Than Just An Advisor

In light of recent changes in the financial services industry, many consumers are wondering if their financial advisor acts in a fiduciary capacity for their clients. We pride ourselves in always doing right by our clients and acting in a fiduciary capacity for their investments.

The Fiduciary Duty

The 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 Title

While 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 in a fiduciary capacity 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 act in a fiduciary capacity to serve our clients' interests.