A broker sells a product, for which he/she is compensated with a commission. A fiduciary sells an investment process, for which he/she is compensated with an “advisory fee”. The primary advantage of the advisory fee is that your interests, the interests of the client, are aligned with those of the fiduciary. In addition, the fiduciary is focused on the relationship, not just the transaction. The nature of a fiduciary relationship considers the holistic financial picture for the client and incorporates financial planning to provide the best comprehensive advice.
There are many financial products in the market, and so choosing the ones that best meet an individual client’s needs can be complicated. Informed decisions about the products in any portfolio are best made after an assessment of individual needs. After meeting to do this, you are better informed when the time comes to choose from a comprehensive suite of products and services and select those that address your unique situation.
Products and services include:
- 401(k) retirement plans and Individual Retirement Accounts
- 529 qualified tuition plans
- Mutual funds
- Certificates of Deposit
- U.S.Treasuries Securities
- Group retirement and savings plans
- Simplified Employee Pension Plans
- Qualified Retirement Plans
- Other retirement savings plans designed specifically for employee groups
- Life insurance
- Long-term care, disability and critical illness
- Health Insurance Group health benefits