There are many different types of financial advisors out there and it can be tough to tell which ones are on your side. Today we cover what it means to be a fiduciary, as well as an independent financial advisor.
A Fiduciary is a more elegant way to say that an advisor has your best interests in mind and actually setup their business this way. What it means is that they will always offer your investments that fit your goals, not theirs. Some advisors get paid by mutual fund companies or others to suggest their products. If you buy them then the advisor gets a commission, and who do you think pays the commission? At jazzWealth we have no deals with any third party company so we are free to choose the investments that are best for you without any conflict of interest.
Sometimes advisors choose to work with a larger firm where they can get help with marketing materials and other compliance related support. This is a perfectly fine business model only it may end up costing you more. An independent financial advisor is just that, and independent that is not tied to any other firm. They are independent and operate as such.
jazzWealth is an Independent, fiduciary advisor with no obligations, or deals with any other company. We’re free to work in your best interest all the time.
We’re an investing service that also helps you keep your dough straight. We’ll manage your retirement investments and, using NestEgg we can help you with every penny!
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Investment related questions 📧 Dustin@JazzWealth.com
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