What does it mean when we say we are a “fiduciary?”
Learn more about why it is important to find a fiduciary to manage your assets.
You may have heard the term “Fiduciary” in the news recently. It’s a term that has gained popularity as the regulatory environment continues to shift and evolve. But what is a fiduciary, and why might someone choose to work with an advisor who holds themselves to this standard? A fiduciary refers to a person or organization that is held to a higher standard of conduct and trust. It means that as financial advisors we are ethically bound to act in your best interest, essentially put your interests above our own. While the term has become more widespread lately, the concept is nothing new.
Regardless of any regulatory body we always work to represent you to insure that the financial advice we provide is objective and unbiased, and that your unique needs are always our primary focus. It starts at the very beginning when we work together to complete your financial profile. We work with you to understand your personal and financial goals, explore what-if scenarios, and plan for the future. By working together in this way we can provide you a more thorough and informed financial strategy and views, and as life changes we will be there with you to insure your plans are still on track. Being a fiduciary is about loyalty, honesty, trust. These are the standards we hold ourselves to, and we always will. Knowing your advisor’s practice industry standard ethics can go a long way. Fidelis Wealth invites you to learn more about how industry ethics, responsibility, and standards can affect your financial future. Click below to visit our contact information and setup an initial consultation.