March 30, 2023 |
The “F” Word
When you’re looking for someone to help you manage your finances, you’ll often hear the term “fiduciary” thrown around. But what exactly is a fiduciary, ...
Learn MoreThe “F” Word
When you’re looking for someone to help you manage your finances, you’ll often hear the term “fiduciary” thrown around. But what exactly is a fiduciary, and why is it so important to work with someone who is a fiduciary all of the time?
Simply put, a fiduciary is someone who is legally obligated to act in your best interests. This means that they must put your interests ahead of their own, and they must always act in good faith when dealing with your finances.
In the financial world, there are two types of advisors: fiduciary and non-fiduciary. Non-fiduciary advisors are only required to recommend products that are “suitable” for you, which means that they don’t necessarily have to be the best options for your specific financial situation. Non-fiduciary advisors may also receive commissions or other incentives for recommending certain products or services, which can create conflicts of interest.
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Blogs for Fiduciary Duties
November 19, 2020 |
Can You Remove an Executor?
An executor is appointed to close out the affairs of a deceased person. The last will and testament is used to name the executor, but ...
Learn MoreApril 19, 2018 |
Who’s Keeping an Eye on Your 401(K) Plan?
Have you ever wondered who is responsible for reviewing your 401(k) plan and ensuring that it is working for you? More than 54 million people ...
Learn MoreMarch 21, 2017 |
What You Need to Know About Basic Fiduciaries for Your Estate Plan
Your estate planning documents will put together numerous roles where other individuals will step in and have responsibilities on your behalf. One of these is ...
Learn MoreOctober 24, 2012 |
Court Finds that J.P. Morgan Mishandled Trust, Orders $18.1 Million Payout
An Oklahoma judge has recently held that J.P. Morgan & Chase Co.’s administration of the Carolyn S. Burford trust was “grossly negligent and reckless.” As ...
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