What is a Fiduciary

The Fiduciary Standard

Did you know that different advisors are held to different standards? Only advisors who have a Series 65 license have a legal, fiduciary responsibility to act in their clients best interests and disclose any possible conflicts of interest. Other advisors are held to the  standard known as the “suitability” standard, meaning that as long as they do what is deemed “suitable,” they are fully within their legal rights to act in their best interest and their company’s best interest before those of their clients.





Fiduciary duty extends solely to investment advisory advice and does not extend to other activities such as insurance or broker dealer services. Advisory clients are charged a monthly fee for assets under management while insurance products pay a commission, which may result in a conflict of interest regarding compensation.