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Here are some tips to help you choose a trustworthy financial advisor that you can rely on. 1. Identify your financial needs and why you need an advisor. ... Are you a fiduciary?
Choosing a fiduciary financial advisor. When choosing a financial advisor, it is important to choose a financial advisor who upholds the duties of a fiduciary.
A non-fiduciary advisor is not bound to having your best interests in mind, and they might earn commission on financial products that earn high profits for them but aren't necessarily best for you ...
What is a fiduciary? A fiduciary is someone in a position of trust over the affairs of another. It comes from the Latin word fiduci, which means trust. A fiduciary is bound by law or oath to put ...
The Court of Chancery, which governed fiduciary relations in England prior to the Judicature Acts. A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example ...
Simply put, a fiduciary is a person who is legally required to act in your best interest with your money. Given the compensation structure of most in the financial advisory field, this simple but ...
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