What Is a Fiduciary Financial Advisor?
A fiduciary financial advisor is a financial professional who, when acting in a fiduciary capacity, is required to act in the client’s best interests and not place the advisor’s interests ahead of the client’s. For investment advisers, fiduciary responsibilities generally include a duty of care and a duty of loyalty. In practical terms, fiduciary responsibility […]
Fiduciary vs. Broker: What’s the Difference?
When comparing a fiduciary vs. broker, the primary difference is not simply whether one professional is required to consider your interests. Both investment advisers and broker-dealers operate under meaningful standards of conduct. The differences involve when those standards apply, the scope of the relationship, the services being provided, how the professional may be compensated, and […]