February 16, 2017
We haven’t devoted much space in these pages to a discussion about the fiduciary rule, primarily because we are fiduciaries. In brief, a fiduciary is a professional who provides financial advice in the best interest of their clients. A fiduciary can never recommend a service or product knowing that it’s not necessarily the best fit for their client’s individual needs. In fact, the professional organization that we belong to, the National Association of Personal Financial Advisors (NAPFA) dictates that a requirement of membership is that we are fee-only planners, who don’t receive any other income (i.e., sales commissions).