We serve our clients in a Fiduciary capacity, which means that we accept the legal standard to put our clients’ interests first.

A financial advisor acting as a Fiduciary occupies a position of special trust and confidence. As a Fiduciary, the financial advisor is required to act with undivided loyalty to the client. This includes full disclosure of how the financial advisor is to be compensated and any corresponding conflicts of interest, whether or not the client requests this information.

It is only natural to expect that anyone giving a financial advice would will be obligated to act in the best interest of the client, however, most people who call themselves “financial advisors” are NOT fiduciaries.

Many advisors work for large financial institutions, such as banks, insurance companies or broker-dealers. Their loyalty is to their employers, not their clients. Legally, these advisors must act in the best interests of their employers, which may or may not be in the best interests of their clients. More than 90% of financial advisors are paid (fully or partially) by commissions which might create financial incentives for these advisers to promote certain products and services.

For some, handling their finances is not an easily managed task. One might have a CPA who takes care of their taxes, a separate advisor who handles their investments, and maybe even an insurance broker that handles their coverage options. With all of these professionals handling your income, your finances can become uncoordinated and disorganized.

If this sounds like you, it might be time you hired a financial advisor from E.A. Buck Accounting & Tax Services. This professional can oversee your investments and estate to ensure that if one aspect of your finances is altered, it doesn’t negatively affect any of your other wealth management strategies. Learn more about E.A. Buck Accounting & Tax Services at their website.