How to Know If Your Best Interests Come First
Amy Armstrong
Jan 22, 12:11 pm
“Fiduciary” certainly is a popular buzzword. The word is touted – perhaps even over-used within the financial services industry – as advising professionals claim its status and clients are left to wonder if the promises associated with fiduciary will hold true in their investing experience.
A fiduciary is defined as one that puts the interests of others (clients) ahead of his or her own needs. In the world of financial advising and investing, fiduciary means guiding clients toward investments that are best for the client even if the compensation for the advisor isn’t the best.