Seeking Investment Advice

The fiduciary standard requires that Registered Investment Advisors act without the influence of conflicts of interest.

Conflicts can be created by commissions, bonuses, sales contests and quotas. These conflicts can be very common in the brokerage, banking and insurance industries.

This high standard applies to Registered Investment Advisors but not to brokers, bankers or insurance agents.Fewer than one in twelve financial advisers are fiduciaries.

This is because fiduciaries are held to higher ethical standards, have greater responsibility and are more limited in compensation.

When seeking investment advice insist on an investment advisor who is a fiduciary and is legally required to place your interests first.

Insist they they put in writing that they work without commissions, bonuses, corporate sales goals or contests and that they will place your interests before all other considerations.