You may have noticed the word
bouncing around the news lately. The Department of Labor announced last April that financial advisors who provide retirement investment advice would be held to a new fiduciary rule - that is, they would be required to put investors' interests ahead of their own. What followed was applause in some corners, angst in others, and spirited dialogue and debate all around the room. Now, the fiduciary rule hangs in midair as the new administration has asked the DOL to review the wide-ranging implications if the rule is implemented.
What does all of this mean for you, our client? Absolutely nothing.
We have already committed ourselves to the highest fiduciary standard - voluntarily, happily, and with a tremendous amount of pride. We avoid conflicts of interest, and provide guidance and services that are always the best for you.
No matter how things play out with the fiduciary rule, we are committed to doing what's right for you at all times. We don't need a rule to guide us. We already do the right thing. We always have, and we always will.
The concept of working with a fiduciary has been awakened. There is now a broader awareness of what it means and how it helps investors. If you know someone who is currently not being served by a fiduciary advisor - someone we can help - please let us know. We are devoted to helping investors reach their highest aspirations by serving as their advocates.
We'll close by sharing with you "
A State of Heart
," a video that features Tim Maurer, director of personal finance for the BAM ALLIANCE. He says, "Fiduciary - to me, to us - is really about a state of heart, a state of mind. It's the way we operate. It's who we are. It's the only way we know how to do things.
Thank you for your unwavering confidence in the fiduciary care we provide you.
Dream. Plan. Prosper.