We Are Fiduciary Advisors

When selecting an advisor, it is important to know that there are two primary types of investment advisors: fiduciary advisors and non-fiduciary advisors.

 

Fiduciary Advisors	vs	Non-Fiduciary Advisors
They are Registered Investment Advisors ( RIAs )		They are sales representatives of brokerage firms & insurance companies
They are are held to the highest ethical standards in the industry		They are held to lower ethical standards than RIAs
They are required to put investor interests ahead of their own interests and make the "best" recommendations for the client		They are required to make "suitable" but not necessarily the “best” recommendations for their clients. Suitable is a vague standard because it can vary by investor
They are the only professionals who can provide financial advice and ongoing services for fees		Their licenses (such as Series 6 or 7) limit them to selling investment products for commissions
They are regulated by the SEC, Securities and Exchange Commission		They are regulated by FINRA, Financial Industry Regulatory Authority

 

Before selecting your advisor, determine if you want a sales representative or a fiduciary advisor investing your assets and giving you financial and retirement advice.