Why should I insist my financial advisor sign a fiduciary oath?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
Edward Mahaffy, MBA, CFP, ChFC
So that you know you are working with a person that is legally obligated to: always place their clients’ interests first, fully disclose all sources of compensation, and any potential conflicts of interest. ( A signed fiduciary oath may help prevent a scenario like the one described in question #1 from occurring in the first place.) NAPFA advisors are required to sign a fiduciary oath. (NAPFA.ORG)
Request A Copy of "How To Select A Financial Advisor" at
www.clientfirstwm.com/download-my-book
Leave a Comment
186 weeks ago
Request A Copy of "How To Select A Financial Advisor" at
www.clientfirstwm.com/download-my-book