Fiduciary Financial Advisors Serving Denver & Colorado Springs
Progress Wealth Management is proud to offer a team of trusted fiduciary financial advisors serving the Denver and Colorado Springs area. We put our client’s needs first, not only because we are ethically bound, but because we truly want what is best for our clients.
What Does It Mean to Be a Fiduciary?
A fiduciary is a person or entity that takes on the responsibility of acting on someone else’s behalf and does so with the highest level of honesty and integrity. Cornell University Law Dictionary gives us a simpler definition: “A fiduciary duty is the highest standard of care.”
Many professionals give investment advice, such as insurance salespeople, stockbrokers, bankers, and financial advisors. However, only Investment Advisor Representatives (IAR) carry the fiduciary duty to serve their clients’ needs above all else 100% of the time.
The Benefits of Choosing a Trusted Fiduciary Financial Advisor
Many people falsely believe that all financial representatives are required to act in their client’s best interests. Unfortunately, many of these people fall prey to poor and sometimes costly advice from representatives who put their own interests before their clients’ needs.
FIDUCIARY FINANCIAL ADVISORS MUST SERVE YOUR BEST INTERESTS
A fiduciary financial advisor must act honestly and in good faith, even if it means they earn less from an investment recommendation.
OFFER DISCLOSURES AND TRANSPARENCY
Fiduciary financial advisors must disclose all information about an investment that an investor reasonably should know. Failure to operate transparently may result in serious regulatory penalties.
DISCLOSE ALL CONFLICTS OF INTEREST
Fiduciary financial advisors must disclose potential conflicts of interest to you, in which case, you may decide to avoid or limit your investment.
CAN INVEST FOR YOU
Some people don’t have the time to follow the market closely and they may choose to allow their advisor more flexibility to manage their portfolio for them. It’s not for everyone, but if you choose this option, you can trust a fiduciary wealth advisor to serve your best interests.
Sometimes life throws you a curveball and your portfolio needs to be able to adjust accordingly. The experienced advisors at Dodds Wealth can help you navigate major life events while staying on track to reach your long-term goals.
The Bottom Line
Simply put, working with an experienced fiduciary financial advisor can help provide you with confidence regarding your investments.
Please contact us and let us show you how we can help you work towards both your immediate and long-term goals, whether it’s financial planning, wealth management, or estate planning strategies. We’ll provide assurance that we are looking out for your best interests, not just because we are morally bound, but because it’s the right thing to do.
Contact Fiduciary Financial Advisors in Denver & Colorado Springs, CO
¹ A fiduciary financial advisor has a fiduciary duty to their clients when they enter into an advisory relationship. When offering brokerage account types, the representative has a general obligation to act in the best interest of the client.