National Fiduciary Day is March 22nd

National Fiduciary Day is March 22nd

What is the definition of a fiduciary?  According to Wikipedia, the definition of a fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). 

Last year the Department of Labor (DOL) released a rule, which we call “the fiduciary rule.” Essentially, it requires all individuals giving advice to retirement accounts to act in their clients’ best interests.  I fully support the intent of the rule—to reduce conflicts of interest and protect the interests of all investors.  Because I work with my clients on a level fee, I was structured this way before the rule was implemented.  As a Certified Financial Planner™, I am required to do what is in my clients’ best interests. I have always strived to act in my clients’ best interests; the rule won’t change anything about my philosophy in helping clients work toward their financial goals.

I work with clients as a fiduciary through many different scenarios –

  • Divorce
  • Job change
  • Death of a loved one
  • Investment management

Each scenario is not equal in impact to a client, and they all require careful planning and sensitivity to the details and emotions involved.  Clients trust that I advise them in their best interests and that the compensation I receive is reasonable in comparison.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment Advice offered through Independent Advisor Alliance, a registered investment advisor. Critical Transitions Wealth Advisors and Independent Advisor Alliance are separate entities from LPL Financial

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