What Is a Fiduciary Standard?
As an RIA, we have a fiduciary duty to our clients. This means we’re obligated to ALWAYS act in your BEST financial interest and to offer the lowest-cost products that fit your needs.
Non-RIA financial advisors, such as broker dealers, may only have to offer you advice that is “suitable” to clients. This means they can offer financial advice that meets clients’ needs but may earn them sales commissions or higher fees.