FIDUCIARY, FEE ONLY
FIDUCIARY, FEE ONLY
WE ARE A FIDUCIARY, FEE ONLY,
REGISTERED INVESTMENT ADVISORY FIRM.
WHAT DOES THAT MEAN?
Fiduciary
Advisors
Women’s Worth financial advisors are fiduciaries and legally and ethically bound to act in the best interests of our clients. We have a duty of loyalty and care and are required to prioritize our clients' financial well-being above our own.
As fiduciaries, we are obligated to provide unbiased advice, disclose any conflicts of interest, and recommend investments that are in the best interest of our clients and cannot earn commission. We must act with prudence, diligence, and skill, and are held to a higher standard of conduct. Fiduciary advisors are met with stringent licensing or certification standards and overseen by entities such as the SEC and state regulators to ensure we are adhering to a high ethical standard.
Our fiduciary fees are based on a transparent, fee-only structure. This fee structure ensures that our compensation is not tied to specific products or transactions and is based on assets under management (AUM).
Non Fiduciary
Advisors
Non-fiduciary financial advisors may not have the same legal obligation to act solely in the best interests of their clients. They operate under a suitability standard, which means they must recommend investments that are suitable for their clients based on their financial goals, risk tolerance, and other relevant factors. However, non-fiduciary advisors may still have conflicts of interest that can influence their recommendations, such as earning commissions or fees from certain financial products or transactions. They are not necessarily required to disclose these conflicts or choose the option that is the absolute best for the client. Many non-fiduciary financial advisors do what is best for their clients, the difference is, they are not required to look out for their clients’ best interests.
Non-fiduciary advisors may work on a commission-based model or receive fees from third parties, such as mutual fund companies or insurance providers. Commission-based advisors earn a commission when they sell financial products to their clients, which creates a potential conflict of interest. They may be incentivized to recommend products that offer higher commissions, even if they are not the best fit for the client’s needs.