Broker Check

Why You Should Hire a Fiduciary

Fiduciary Responsibility


Financial advisors directly or indirectly advise clients about whether to buy, sell, or exchange securities to generate the best returns. Since they are bound by fiduciary standards, they act in the best interest of the client at all times. Stockbrokers effect transactions on behalf of clients but aren’t bound by fiduciary duties like advisors. Rather, they are bound only by suitability requirements, which are far less stringent than fiduciary standards.