Why Should I Hire a Fee-Only Financial Advisor?
Fee-only financial planners are registered investment advisors with a fiduciary responsibility to act in their clients’ best interest – and the fee structure to support it.
Fee-only financial planners are registered investment advisors with a fiduciary responsibility to act in their clients’ best interest – and the fee structure to support it.
The SEC and the CFP Board were criticized yesterday for adopting code of conduct rules that blur the longstanding line between fee-only registered investment advice and brokerage services by implying that conflicts of interest are acceptable.
So, you have decided you want to leave the DIY behind and get some help with your money. That is, until you start searching and find that you need a degree in finance just to understand the different types of services and fees. Save yourself some time with this guide to the most common types of advisors, how they are paid and the duty they owe to you as their client.
A fiduciary is defined by the legal and ethical requirement to put your best interest before their own.
The entire FinancialTeam at FirsTrust wishes you a very Happy Thanksgiving.