Local Fiduciary Offering Financial Assistance For Post-covid Relief
August 6, 2021 – In recent times, we’ve seen how an unforeseen event can cause havoc in our life. The sudden demise of a loved one can leave your family crippled if they were the sole breadwinners. We have survived a catastrophic pandemic together, and now it’s time to be proactive and look for ways to provide financial protection for our loved ones. Speaking to a licensed fiduciary is a great chance to safeguard the future of your family.
Now you may wonder, WHAT IS A FIDUCIARY?
A fiduciary is a person or organization that manages the money and assets of another person in compliance to the fiduciary standards. These standards are legal and ethical, which binds them to keep their client’s interest over their own, regardless of what stands to gain or lose. In addition, fiduciaries have the duty of care, loyalty, and to act in good faith.
Fiduciary money managers are experienced in their field and have a responsibility to perform high-end research before recommending any investment plan or product to their clients. They are not bound to one (or more) bank or an asset class. Hence, the research recommends a financial plan according to their clients’ future goals and risk-taking capacity. According to 2019 vanguard’s whitepaper, expert advice can increase returns by 3% per year. This extra return is also called “the advisor’s alpha.”
A fiduciary advisor is determined to help you successfully achieve your financial goals by disclosing all the fees, avoiding conflict of interest, and adhere to your requirements by keeping your interest above them. If you are a new investor, ask the necessary questions to your advisor and invest with them only if they check all the boxes. On the other hand, if you already have an advisor and the practices mentioned above are not followed by them, you should consider finding a new one. We here at Prestige Financial Advisors are here to make sure we are doing what is best for you.
Media Contact
Company Name: Prestige Financial Advisors
Contact Person: Jeff McCarty
Email: Send Email
Phone: 661.ADVISOR
City: Santa Clarita
State: CA
Country: United States
Website: https://prestigefa.com/
