A fiduciary is a person or entity who has the power to act for another in situations that require loyalty, trust and care. When it comes to the financial industry, investment advisers and Certified Financial Planners are held to this duty in the investment advice they provide their clients. By law, a fiduciary advisor must be completely transparent and always act in their client’s best interest. This means they are obligated to avoid conflicts of interest and cannot use a client’s assets for their personal benefit without client consent. If a conflict of interest does occur, they are required to mitigate it and disclose it to their clients.

Additionally, the investment monitoring and ongoing services they provide also fall under the fiduciary duty. In other words, their job doesn’t end after the initial meeting or purchase. They must regularly review your accounts to help ensure your investments are working in your best interest. Some financial professionals do not fall under the fiduciary standard and may make decisions that are transaction-specific and/or product-based.

By working with an advisor that is bound to the fiduciary standard, you can feel empowered that the investment advice you receive for yourself and your finances is in your best interest. At Cobblestone, we understand having doubts about the underlying motivations of some advisors. We want to assure you that our independent, financial guidance means a relationship built on integrity.

Registration with the SEC should not be construed as an endorsement or an indicator of investment skill, acumen, or experience. Investments in securities are not insured, protected, or guaranteed and may result in loss of income and/or principal. Nothing in this communication is intended to be or should be construed as individualized investment advice. All content is of a general nature and solely for educational, informational, and illustrative purposes.

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