What is a Fiduciary?

Jun 10, 2024

Fiduciary Retirement Planning Broker

A couple is meeting with their Fiduciary advisor.

As you embark on the journey of your retirement, choosing the right financial advisor is paramount. Amidst the options available, understanding the difference between working with a fiduciary and someone who is not a fiduciary is crucial, particularly when navigating the complexities of retirement planning.

What is a Fiduciary?

A fiduciary is legally obligated to act in the interests of their clients, placing their clients’ financial well-being above their own interests. Unlike other financial professionals, like Brokers, who may not be fiduciaries. Fiduciaries adhere to this standard are held to a level of accountability and transparency.

Advantages of Using a Fiduciary

Working with a fiduciary financial advisor offers numerous advantages tailored to the unique needs of retirees:

  • Transparency: Establish a relationship built on transparency, knowing that your advisor is committed to acting in your interests.
  • Unbiased Advice: Fiduciaries disclose possible conflict of interest to their client so that there are no misunderstandings about how they might benefit from the clients investments.
  • Strategic Investing: Fiduciary advisors prioritize strategic investing strategies aimed at maximizing your retirement income and helping preserve your wealth over the long term. They focus on creating a customized investment plan aligned with your risk tolerance, time horizon, and retirement objectives.

Broker vs. Financial Advisor

It’s essential to distinguish between fiduciary financial advisors and other types of financial advisors:

  • Fiduciary: Bound by law to act in the interests of their clients, prioritizing their financial well-being above all else.
  • Broker: While they may offer valuable financial guidance, financial advisors who are not fiduciaries may have conflicts of interest due to their compensation structure, potentially impacting the advice they provide.

Why Work with a Fiduciary Financial Advisor?

Choosing to work with a fiduciary financial advisor like The Retirement Solution could help with confidence in your retirement planning journey. With fee-based compensation, unbiased advice, and strategic investing strategies, we are committed to helping you achieve your retirement goals and enjoy the retirement you deserve.

Contact us today to get started. Let us help guide you through retirement planning, legacy planning, and tax strategies, helping apply a comprehensive approach to your future. Your retirement plan deserves the expertise and dedication of a fiduciary advisor.


Investment advisory services and insurance services are provided through The Retirement Solution LLC, a Registered Investment Advisor.

The general views outlined in this material are those of The Retirement Solution LLC and should not be construed as individualized or personalized investment advice. The information presented is for educational purposes only developed from sources believed to be providing accurate information. It is not intended to make an offer or solicitation for the sale or purchase of any specific products, services, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company. To comply with IRS Regulations, we are informing you of the following: Any discussion or advice regarding tax issues contained in this video presentation was not intended or written to be used, and cannot be used, to avoid taxpayer penalties. Anyone viewing this presentation or contemplating a transaction discussed in this material should seek advice based on your circumstances from an independent tax advisor. Information is not intended to provide specific legal or tax advice.

The information in this material is not intended as tax or legal advice. Be sure to first consult with a qualified financial adviser, tax professional, or attorney before implementing any strategy or recommendation discussed.


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