Two people shaking hands. Trust is an important aspect of working with a fiduciary.

What a Fiduciary Does and Doesn’t Do

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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. 

© 2024 Trajan® Wealth LLC. Nothing in this blog is intended as investment advice, nor is it an offer to buy or sell any security. Please consult your financial advisor for questions about your personal financial situation. All investments involve risk, including the potential for loss. Trajan Wealth clients and employees may have a position in any of the securities mentioned. Portfolio holdings and other data are subject to change at any time and without notice. Additionally, the above links provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Trajan Wealth, L.L.C., of any of the products, services or opinions of the corporation or organization or individual. Trajan Wealth, L.L.C., bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. These materials are for informational and educational purposes and are not designed, nor intended, to apply to any person’s individual circumstances. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Please consult with your legal and/or tax advisor before making any tax-related decisions.