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Fiduciary Services

As an investor you want to be sure that the advisor you are working with has your best interest in mind when making financial decisions on your behalf. The financial advisors who work on commission or get paid based on the products they sell, may be more likely to place your money in an investment that benefits them instead of you.

With a fiduciary advisor you don’t have to worry about that. Fiduciary advisors are required to do what is best for their clients.

What is a Fiduciary Advisor?

Many people assume that a fiduciary advisor and a financial advisor are the same, however that isn’t always the case. While a financial advisor can be a fiduciary, that doesn’t mean they all are. When looking for a partner to help you with your investments and financial planning, you should consider finding an advisor who is a fiduciary.

Fiduciary advisors are held to the highest standard and only make decisions that they honestly believe are in the best interest of their clients. Below are a few of the many rules that fiduciary advisors must follow:

  • Must act in good faith and have undivided loyalty to their clients
  • Cannot mislead clients in any capacity
  • Must provide any and all facts that a reasonable investor would deem important
  • Must avoid and disclose any potential conflicts of interest
  • Clearly disclose all fees and commissions

The Benefits of Working with a Fiduciary

There are many benefits that come from working with a fiduciary advisor, but the biggest might be the peace of mind that it provides. Not only can you feel confident in how your money is being managed, but you also don’t have to worry about the motives of your advisor.

Here are some of the other benefits you might experience working with a fiduciary:

  • Maximize your savings and investment
  • Release personal responsibility of making investment decisions
  • Gain insight into the best ways to financially position yourself for major life events

Trusted Advice and Service You Can Count On

At JL Smith, we take it one step further and provide a holistic approach to your finances. Instead of just acting as fiduciaries when it comes to your investments, we also look at your overall financial health and work with you to create a plan for your assets. This ensures that we are doing everything we can to help you reach your financial goals.

The holistic advisors at JL Smith will work with you regularly to review aspects of your comprehensive financial plan to ensure you are set up for long-term success and comfort.

Request a Consultation

Have questions? Call us at (440) 934-9181 or