WiserAdvisor

JUNE 12, 2022

For example, some advisors are paid via commissions on the sale of financial products like stocks, mutual funds, policies, etc. For example, if they sell a certain insurance product to you, they might be getting kickbacks from the insurance company for making the sale. Ensure that the financial advisor is bound by fiduciary duty.

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Walkner Condon Financial Advisors

APRIL 21, 2023

Fee-Only financial advisors and firms receive no sales-related compensation or incentives. It is one of the most recognized and respected financial planning certifications in the industry. Additionally, CFP s must adhere to ethical and professional standards, including a fiduciary duty to act in the best interests of their clients.

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Walkner Condon Financial Advisors

APRIL 17, 2023

Fee-Only financial advisors and firms receive no sales-related compensation or incentives. It is one of the most recognized and respected financial planning certifications in the industry. Additionally, CFPs must adhere to ethical and professional standards, including a fiduciary duty to act in the best interests of their clients.

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Sara Grillo

AUGUST 14, 2023

The standard, however, is often used haphazardly, invoked as a sales tool by dual-registered advisors who want to virtue signal, only to be abandoned in a legal context by those same advisors who backpedal into being “just a salesperson.” The word “fiduciary” is not a marketing term, not just something you throw out there to virtue signal.

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Good Financial Cents

JUNE 11, 2023

We accept a fiduciary obligation to act in your best interest, and our advice must be aimed at making money for you, not for us. Fiduciary duty means the party has a legal obligation to put your interests above their own. This is absolutely key with any financial advisor you talk to, whether in person or online.

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WiserAdvisor

MAY 31, 2022

Also, be careful about giving your financial documents like tax certificates, government identity cards, etc. Moreover, indicating a shortage or situation of fast-sale could intimidate you into making a hasty decision. Watch out for sales pitches that convince you to buy an investment product because everyone is doing it.

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WiserAdvisor

AUGUST 18, 2023

Moreover, fee-only advisors are often viewed as fiduciaries, which means they are legally obligated to act in their client’s best interests. A fee-only fiduciary financial advisor has a fiduciary duty to put the client’s needs first, ensuring you get the highest level of transparency.

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