Not all advisors are fiduciaries, and those who aren’t are held to lower standards of care. Fiduciary advisors are held to the highest industry standard and have a legal and ethical duty to act in the best interests of their clients. Below are just a few of the many rules that fiduciary advisors must follow:
When you hire a CFP® professional, you are hiring a trusted advisor who has made a commitment to act as a fiduciary—which means to always act in the best interests of their clients when providing financial advice and financial planning.
There are many benefits that come from working with a fiduciary advisor, but the biggest might be the financial confidence that it provides. Not only can you feel confident in how your money is being managed, but you also don’t have to worry about the motives of your advisor.