If you’re looking for a financial advisor, it’s important to know what their responsibility is to you as a client. One way to make an informed decision is to find one who is a fiduciary asset manager. Fiduciaries are required to act in your best interest, regardless of what they stand to gain or lose.
You might assume that all financial advisors are fiduciaries, but that’s not the case. An advisor’s fiduciary duty requires, among other things, that they provide you with objective investment recommendations based on your needs and goals.
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