One thing that has plagued the financial services industry is ‘trust’ of the industry. Unfortunately, there are many reasons that some people have developed a distrust of financial companies and the individuals that work for them. It may be due to the media, entertainment (movies), or a personal situation that has happened in the past. When advisors work with clients, they take on the role of a Fiduciary, which involves acting in the best interest of all clients. Serving as a fiduciary helps clients reach their financial goals.
Working within our business model, we take ‘fiduciary relationships’ seriously. A ‘Fiduciary’ is a company or a person who holds a legal or ethical relationship of trust with one or more parties (person or group of people). A Fiduciary has a legal responsibility to take care of money or other assets for another individual. Part of being a fiduciary and working with clients involves transparency, full disclosure, and 24/7 access for clients to have all relevant information regarding their assets at any time. It also includes giving clients information that advisors have access to prior to making an investment decision.
Part of the ‘distrust’ that has plagued the industry can be summed up with the storylines of two movies, The Big Short and The Wolf of Wall Street in which clients are taken advantage of for a ‘salesman’ to profit. Unfortunately, this happens in real life when there is no disclosure and no ‘fiduciary standard’ enforced at the firm, or by the individuals working for the firm.
Our processes are client-centric, and based on a conflict-free financial advice model. We welcome your inquiry, as well as you questioning and understanding our advice as we work with you.