Fiduciary vs. Suitability
Deciphering the “what’s what” and “who’s who” of today’s complex financial services industry can be difficult, even for the most financially sophisticated members of the general investing public. Two words — fiduciary and suitability — are critical in understanding the motivation behind the person offering you financial products or advice.
Recognizing the difference between the fiduciary and suitability standards may also help you to appreciate the level of care you receive from a trusted financial advisor. Though the distinction between the fiduciary and suitability methods of offering advice is rarely discussed by large, “broker-led” financial companies, we feel it is essential for investors to know the difference.
Our firm believes the fiduciary model of disclosure and transparency is now in the best interests of the client.