Does Your Advisor Put You First?

There is no doubt we are living in turbulent times.  Our own Government cannot seem agree on much, causing disruptions in our economy, and sense of trust and security.   When it comes to your financial security you want to know that the people you entrust with your money have your best interest at heart.  This can be anyone from your banker, attorney or your Financial Advisor.

I am speaking of Fiduciary Responsibility.   By definition: A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person.

At some point in our professional lives most of us begin planning for our future.  Whether it be higher education for our children or ourselves, a dream home, or our retirement we generally need some assistance.  Not everyone will seek out a professional advisor but for those that do it is crucial that you choose someone that you can communicate with and trust.  Keep in mind that you will be working together for a long time and you will be sharing personal financial information, so make certain you do your own due diligence when choosing who you want to help you build a sound financial plan.

If you have already made this choice but are uncertain whether it was the right decision,  perhaps you should reevaluate where your advice is coming from.  There is no harm in getting a second opinion. Sometimes it shows us that we are right on track, and other times we find out that we are heading in the wrong direction and need to find alternatives.

Remember your advisor’s job is to keep your best interests in mind and to work with you toward achieving your personal financial goals.


Written by: Stacia Musleh, Vice President

Income Protection Specialist