Fiduciary financial advisor in Canton, OH
What is a Fiduciary?
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' interests ahead of their own, with a duty to preserve good faith and trust.
Financial Advisors vs. Fiduciaries
Not all financial advisors are fiduciaries. As a matter of fact, many aren’t. Brokers, also known as registered representatives, are only held to a suitability standard, which requires that the broker make recommendations that are suitable based on a client’s personal situation, but the standard does not require the advice to be in the client’s best interest. Therefor some Brokers may act for their own well benefit.
Legally Best For You
Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests.
Going the Extra Mile
Being a Fiduciary means that we take extra steps and go the extra mile to assure that our clients financial issues are being looked after with the care that they deserve and are held to the Fiduciary Standard.