Is your Financial Advisor a Fiduciary?

A fiduciary financial advisor is a professional who has a legal and ethical obligation to act in their clients’ best interests. They must prioritize the clients’ interests over their own when providing advice and recommendations. Here are some things a fiduciary financial advisor may do for you:

  1. Assess your financial situation: A fiduciary financial advisor may start by working to understand your financial situation. This may include reviewing your assets, debts, income, expenses, and financial goals.
  2. Develop a financial plan: Based on your financial situation and goals, the advisor may develop a financial plan. This plan will likely include strategies for saving, investing, and managing debt.
  3. Recommend investment options: A fiduciary financial advisor may recommend investment options that align with your financial goals and risk tolerance. Such recommendations should prioritize your best interests over their own, and may address diversification, asset allocation, and other investment strategies.
  4. Monitor your portfolio: Once you’ve invested your money, a fiduciary financial advisor will monitor your portfolio regularly to ensure that it is performing as expected. They will make recommendations for changes if necessary and may adjust allocations as agreed upon in your investment agreement.
  5. Provide ongoing advice: A fiduciary financial advisor can provide ongoing advice and support as your financial situation evolves over time. They can help you stay on track with your financial goals and adjust your plan as needed.

Overall, a fiduciary financial advisor is a valuable resource for anyone who wants to build and maintain a strong financial foundation. They can provide personalized advice and guidance to help you achieve your financial goals and ensure that your investments are aligned with your values and priorities.

The information in this article is a compilation pulled from a variety of sources. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.


Disclaimer: “Sara-Bay Financial Corp. is registered as an investment advisor with the SEC. All information contained herein is for informational purposes only and does not constitute a solicitation for investment advisory serves or an offer to buy or sell securities. Registration does not imply a certain level of skill or training. If you are interested in our services, please see our Disclosure Brochure (Part II of the form ADV); which provides detailed information about Sara-Bay Financial Corp. and inherent risks that may be associated with our advisory services.

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