Only Your Best Interest.
Fiduciary advisors are required to act in the best interest of their clients.
As a member of a fee-only network of advisors, I've signed a fiduciary oath. In it, I affirm:
"I believe in placing your best interests first.
Therefore, I am proud to commit to the following five fiduciary principles: I will always put your best interests first. I will act with prudence; that is, with the skill, care, diligence, and good judgment of a professional.
I will not mislead you, and I will provide conspicuous, full and fair disclosure of all important facts.
I will avoid conflicts of interest.
I will fully disclose and fairly manage, in your favor, any unavoidable conflicts."
If you aren't sure if your advisor is fee-only, ask. Aligning interests is one of the most effective ways to ensure that there are no hidden agendas or product-pushing.
As a fee-only advisor, my motivation is clear: to help you visualize, define, and actualize your financial goals so that you can walk your path with clarity.