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From The Wall Street Journal:
Consider that of the roughly 295,000 professionals in the U.S. who offer clients financial advice, fewer than 2% are fee-only advisors who follow a true fiduciary standard that prohibits commissions on products recommended to clients and legally requires the advisers to always put their clients’ interests first.
Fee-Only fiduciary financial advisors are legally obligated to put their clients’ financial interests above their own and are 100% removed from the conflict that comes with earning commission or 3rd party payouts of any kind based on their investment recommendations.
How is That for Peace of Mind?
Learn more about how financial advisors and investment managers get paid, and what it means to be a fiduciary.