Locations in Arizona, Oklahoma, Texas, and Utah

What a Fiduciary Does and Doesn’t Do

It is nearly impossible to understand all of the details of the financial industry unless you have trained to do so. For most people, investing their money feels like an intimidating and foreign concept that often causes stress and anxiety. Some people even avoid making smart, profitable investments because they feel intimidated.

Luckily, you don’t have to manage your investments or your financial future by yourself. A certified financial planner fiduciary can provide expert advice when you are ready to invest.

What Is a Fiduciary?

An investment fiduciary is a financial expert or organization of financial experts who can advise you on investing your money. These experts are ethically and legally bound to give you sound advice that is good for you and your family. They must advise what would be in your best interest. 

It is important to remember that fiduciaries can wear many different hats. Some common positions that hold fiduciary power include:

  • Insurance agents
  • Bankers
  • Accountants
  • Financial advisors

Generally, most customers feel that they can trust these professionals to put the customer’s best interests first.

What a Fiduciary Advisor Will Not Do 

Unfortunately, not everyone who claims to be a fiduciary actually is. Like any other industry, some scams and posers claim to be fiduciaries but who ultimately try to sway you into a position that is best for them. 

To better identify scams, this is a list of actions that a legitimate and trustworthy financial advisor fiduciary will not do: 

  • Act like a salesperson. Fiduciaries are not trying to sell you on anything that you do not want
  • Hide information from you
  • Make decisions behind your back
  • Take on other clients that pose a conflict of interest (such as an ex-spouse or family member)
  • Mislead their clients
  • Make ill-informed trades just for the commission

There are many other examples of behaviors that indicate illegal or unethical fiduciary behavior. If your fiduciary betrays your trust, you have grounds to take legal action.

Trust Trajan Wealth

Here at Trajan Wealth, we take great pride in our fiduciary financial planning services. You can always trust us to see the big picture when it comes to your family’s financial health, as we provide long-term financial plans to give you the best results. No matter what the situation, we never sacrifice security or ethics.

 Our core values include:

  • Accountability to all
  • Efficiency
  • Being results-oriented

These ethics allow us to protect your finances from all angles and ensure we make the very best choices for you and your family.

To learn more about our fiduciary financial planning services or hire us as your family’s investment fiduciary, contact us today.