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Other reasons to work with a fiduciary registered investment advisor Legal obligation to act in your best interests: A fiduciaryduty isn’t a marketing tactic, it’s a legal obligation and the highest standard of loyalty and care under the law.
Fee-only financialadvisors are often registered investment advisors too, meaning they have a legal duty to act in the clients best interest. This fiduciaryduty is a cornerstone of their practice, providing clients with the confidence that their financialadvisor is working solely for them.
For instance, you can hire a fiduciary. Fiduciaryduty mandates the advisor to keep your interests ahead of theirs. Secondly, when hiring a financialadvisor, look for their certifications to establish more faith. You can look for the following: Chartered Financial Analyst (CFA)).
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