What it Means to Be a Fiduciary

If you’ve researched financial planning and professional advice, chances are you have come across the word ‘fiduciary’.  But what does it really mean?  In this episode of Financial Clarity for Doctors, hosts Rachelle Vanderzanden and Corey Janoff unpack the word and other qualifications for Financial Advisors.

Tune in to hear more about:

• The different standards financial professionals are held to depending on their licensing, including:
  • A fiduciary or best interest standard
  • The suitability standard.
• Regulations in finance and how they have worked over time to protect consumers.
• Ethics in financial planning. This can be upheld by an employer to a certain extent but is also dependent on individual professionals.
• Additional certifications that financial professionals can work toward and how they encourage an ethical approach.

Regulations and ethics standards are important, but when working with any professional, their ethics and your relationship with them will always be the most important.  Referrals can be a great way to find someone that has already built a trusting relationship with clients.  Folks are unlikely to refer you to someone they don’t trust!

For more financial planning tips from Corey and Rachelle, find them on social media!
LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance 

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.