Live Chat Software AFFLUENCER FINANCIAL: Fiduciary Financial Advisor

FIDUCIARY

FINANCIAL ADVICE

What is a Fiduciary 

and why should I care? 

Affluencer Financial consultants act in a fiduciary capacity towards their clients. That means that we have a legal obligation to put your interests before our own.  Most financial advisors, stock brokers and insurance agents work for their employers and must act in the best interest of their employers, and stock holders rather than their clients. Affluencer Financial consultants are hired by you and work only for you.

 

To understand how important this is when it comes to your financial well-being, consider the following story. Assume your daughter needs to get her tonsils removed and therefore you must select between two doctors.  One works for you (fiduciary) and the other is employed by a pharmaceutical company.  Which one would you want operating on your child?

 

In the real world you don’t have to make this choice. If a doctor treats patients but does what’s best for the drug company, the doctor goes to jail. Unfortunately the same rule does not apply in the financial industry. Brokerage firms and insurance companies get away with telling people they are “operating” with the clients’ best interests at heart when in fact they are not. They get away with this because they do not have a fiduciary responsibility towards clients. This misleading assumption has adverse consequences yet it is not illegal.

 

What is a fiduciary? A fiduciary is a person who has a legal obligation to put your interests ahead of their own.

THE F-WORD

Fiduciary

There are times when we must rely on other people. We have no choice because they possess the skills and expertise that we need. When we take that leap of faith, it’s good to know the people are obligated to put us at the front of the line, instead of their company.

 

Welcome to the world of Fiduciary advice.

What does a Fiduciary Mean?

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Affluencer financial is a fee-based financial planning firm headquartered in Los Angeles, California. We do not make investment decisions on behalf of clients; rather we provide comprehensive advice and solutions without encouraging you to buy products. In fact, we do not manage securities nor are we affiliated with any investment firm that provides us management fees based on the purchase or trade of stocks, bonds, or mutual funds. We simply provide clients with unbiased, independent, objective advice on their personal financial goals. *Affluencer is not a securities firm, "Investments" refers to fixed products and real estate. Fiduciary engagements must be agreed upon and approved by both parties in writing.