Held to the highest standards of proficiency
Putting Your Interest First
The Fiduciary Standard should be about loyalty and trustworthiness. It is about doing what is right, especially when no one is watching.
Consumers need to know that their financial advisor holds the highest standards of proficiency in the industry, is comprehensive in their approach to financial planning and is has no conflict of interest when making investment recommendations.
What is a Fiduciary?
Acts on behalf of another person or persons to manage assets
Holds themselves to be an expert, by education and experience, in a particular field of study or specialty.
Is obligated under the law to serve the best interest of their clients (beneficiaries) and avoid conflicts of interest. In the event of a conflict of interest they are obligated to disclose it in writing.
Recommends investments in their client’s best interests, not their own.
No one is held to a higher standard of care under the law than a fiduciary. A fiduciary may need and is often required to engage an expert in the areas of investment selection and management.
financial Fridays Podcast
Triton Financial supports the Fiduciary Standard. We believe in the Fiduciary Standard. We practice the Fiduciary Standard. We encourage you to learn more about the Fiduciary Standard and to make sure that it is the level of care that is being taken with your money.
How to know if your financial advisor is a fiduciary
Work with a Fiduciary
Do I want an advisor who is legally obligated to act in my best interests at all times? If so, is the advisor willing to put that in writing? Anyone who purports to uphold a fiduciary standard should be willing to stand behind that claim.
Disclose conflict of Interest
Do I want my advisor to disclose all potential conflicts of interest? A fiduciary should be willing to disclose any relationship, compensation, incentive or other factor that potentially could interfere with his or her ability to act in your best interests.
How do I want my advisor to be compensated? Ask if the advisor receives commissions, referral fees or other financial incentives. Some advisors tout themselves as “fee-based,” but also accept other payments that could influence their recommendations.