-
Fiduciary Duties | Equity & Trusts
Subscribe to my personal channel for videos on how to study law effectively & efficiently: https://www.youtube.com/channel/UCwgN8QVt3yIqcoi04EVqEYA A fiduciary relationship implies a duty of trust: it is usually a one-way relationship: a trustee owes a beneficiary a fiduciary duty, but not vice versa. “A fiduciary must act in good faith; he must not make a profit out of his trust; he must not place himself in a position where his duty and his interest may conflict; he may not act for his own benefit or the benefit of a third person without the informed consent of his principal. This is not intended to be an exhaustive list, but it is sufficient to indicate the nature of fiduciary obligations. They are the defining characteristics of the fiduciary”: Bristol and West Building Society v Mothe...
published: 24 Jun 2020
-
Choosing the Proper Corporate Trustee for Your Estate Plan | Ocean Estate Law
Jennifer explains the selection process of choosing a professional fiduciary for your estate plan.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
published: 30 Mar 2023
-
Choosing a Trustee For Complex Estate Plans | Ocean Estate Law
Estate planning attorney Jennifer Elliott discusses why a professional fiduciary may be a good option for your complex estate plan, how a professional fiduciary can avoid conflicts, how a professional fiduciary can manage special needs trusts, and handling special assets.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
Chapters
_____________
01:48 - How to Choose a Trustee
05:34 - The Duties of a Trustee
06:50 - What to Do if You Can't Decide On a Trustee
09:07 - Corporate Trustee (Professional Fiduciary)
11:27 - Challenging Assets to Distribute
12:29 - What Problems Do Professional Fiduciaries Help With?
13:40 -Professional Fiduciary if You Have a Special Needs Child
16:03 - Pet (Animal) Trust
19:20 - Why You ...
published: 28 Mar 2023
-
Ken Fisher Answers: What Is a Fiduciary?
Do you know what a “fiduciary” money manager is? Not many people do! But that doesn’t mean it’s not important. In this video, Fisher Investments’ founder, Ken Fisher, explains the fiduciary standard, how it applies to investment advisers and what that means for you. Registered investment advisers are obligated to operate under the fiduciary standard. A fiduciary money manager must put the interests of the clients first, rather than picking strategies and investments that are just good enough. Many sellers of financial services either are not a fiduciary or can operate as a fiduciary in some aspects but may not always be obligated to do so. Much of the financial services industry has operated under an alternate standard, called the suitability standard. The suitability standard states that ...
published: 14 Mar 2019
-
What is Fiduciary?
Jackie Hu, your local and international real estate expert, explains what fiduciary means when it comes to real estate and working with a real estate agent. Fiduciary duty is a precedent and standard for a real estate agent to act in your best interest. At the Hu & Blue Real Estate Group, we take this very seriously and ensure all our clients receive the highest level of care.
#huandbluerealestategroup #realestatewithintegrity #husyourrealtor #hucares #fiduciary
published: 26 Jul 2022
-
Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained
What is a fiduciary vs a broker? What is a fiduciary responsibility? Let's look at the fiduciary rule explained in detail, and why, if you follow the money, a fiduciary money manager may just be someone who is willing to charge you massive, yearly fees, rather than someone who is better educated or better able to get you what you want--results.
So let's take a look at the fiduciary rule, how a fiduciary relationship works, what it is meant to protect you from, and find out if the term fiduciary really makes a difference.
Of course, there is an argument to be made that if an advisor charges a commission, then they could be swayed to give you products or services that are ineffective, or worse damaging, for you as the individual, because they make a commission on that transaction.
But the...
published: 22 Sep 2016
-
Who Should I Choose to Be My Estate Trustee | Ocean Estate Law
Estate planning attorney Jennifer Elliott discusses the process of selecting an appropriate trustee for your estate plan, ensuring that you can have a sense of security and assurance that your assets will be safeguarded and distributed appropriately.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
published: 30 Mar 2023
-
What is a Fiduciary? Why is Fiduciary Duty Important?
There has been a lot of talk in the past few years about "fiduciary duty." Senior Financial Planner Allison Alley, CFP® of Pure Financial Advisors explains what it means to be held to the fiduciary standard, and why it's important to work with a fiduciary when it comes to financial planning.
READ THE BLOG 6 Questions to Ask Your Advisor: http://bit.ly/AdvisorQs
Get answers to your personal finance questions. Subscribe on YouTube:
http://bit.ly/PureFinancialYouTube
Transcript:
One of the questions we get quite a bit is what is a fiduciary, what's the fiduciary duty and why is that important? Well, a fiduciary is a person or a legal entity, like a bank or a brokerage firm, that's legally required to act in the best interest of a client in situations requiring total trust honesty and go...
published: 30 Dec 2019
-
Fiduciary Duty | Ethics Defined
A Fiduciary Duty is a legal obligation to act in the best interest of another rather than one’s self. This video is part of Ethics Defined, an animated library of more than 50 ethics terms and concepts from Ethics Unwrapped, available at https://ethicsunwrapped.utexas.edu/glossary
For free videos and teaching resources on ethics and leadership, visit http://ethicsunwrapped.utexas.edu/
Ethics Unwrapped is a free online educational program produced by the Center for Leadership and Ethics at The University of Texas at Austin. It offers an innovative approach to introducing complex ethics topics that is accessible to both students and instructors. For more videos, case studies, and teaching materials, visit http://ethicsunwrapped.utexas.edu/
A complete playlist of Ethics Unwrapped videos...
published: 18 Dec 2018
-
Fiduciary
Provided to YouTube by IIP-DDS
Fiduciary · Ocean Sounds
Fiduciary
℗ Ocean Sounds
Released on: 2019-10-28
Composer Lyricist: Ocean Sounds
Auto-generated by YouTube.
published: 06 Sep 2023
14:51
Fiduciary Duties | Equity & Trusts
Subscribe to my personal channel for videos on how to study law effectively & efficiently: https://www.youtube.com/channel/UCwgN8QVt3yIqcoi04EVqEYA A fiduciary ...
Subscribe to my personal channel for videos on how to study law effectively & efficiently: https://www.youtube.com/channel/UCwgN8QVt3yIqcoi04EVqEYA A fiduciary relationship implies a duty of trust: it is usually a one-way relationship: a trustee owes a beneficiary a fiduciary duty, but not vice versa. “A fiduciary must act in good faith; he must not make a profit out of his trust; he must not place himself in a position where his duty and his interest may conflict; he may not act for his own benefit or the benefit of a third person without the informed consent of his principal. This is not intended to be an exhaustive list, but it is sufficient to indicate the nature of fiduciary obligations. They are the defining characteristics of the fiduciary”: Bristol and West Building Society v Mothew [1998] Ch 1 (Millett LJ).
If you have any questions drop me a message below 👍🏻
-------------------------------
Hey! If you’re new to the channel… my name is Gareth Evans
I am the owner of Digestible Notes, a website created to make learning fun and easy to understand. Our ultimate goal is to make education accessible to everyone and centralise the internet's vast sea of information.
I want to show you that anyone can achieve their learning goals and live their dream life.
Read from our website: https://digestiblenotes.com
-------------------------------
SEE MY VIDEO ON SPECIFIC DUTIES ➡️
https://www.youtube.com/watch?v=CrxDMTWIjAs
If you liked this video you may like my website post on 'Trustees' Duties': https://digestiblenotes.com/law/trusts/trustees_duties.php
https://wn.com/Fiduciary_Duties_|_Equity_Trusts
Subscribe to my personal channel for videos on how to study law effectively & efficiently: https://www.youtube.com/channel/UCwgN8QVt3yIqcoi04EVqEYA A fiduciary relationship implies a duty of trust: it is usually a one-way relationship: a trustee owes a beneficiary a fiduciary duty, but not vice versa. “A fiduciary must act in good faith; he must not make a profit out of his trust; he must not place himself in a position where his duty and his interest may conflict; he may not act for his own benefit or the benefit of a third person without the informed consent of his principal. This is not intended to be an exhaustive list, but it is sufficient to indicate the nature of fiduciary obligations. They are the defining characteristics of the fiduciary”: Bristol and West Building Society v Mothew [1998] Ch 1 (Millett LJ).
If you have any questions drop me a message below 👍🏻
-------------------------------
Hey! If you’re new to the channel… my name is Gareth Evans
I am the owner of Digestible Notes, a website created to make learning fun and easy to understand. Our ultimate goal is to make education accessible to everyone and centralise the internet's vast sea of information.
I want to show you that anyone can achieve their learning goals and live their dream life.
Read from our website: https://digestiblenotes.com
-------------------------------
SEE MY VIDEO ON SPECIFIC DUTIES ➡️
https://www.youtube.com/watch?v=CrxDMTWIjAs
If you liked this video you may like my website post on 'Trustees' Duties': https://digestiblenotes.com/law/trusts/trustees_duties.php
- published: 24 Jun 2020
- views: 9262
3:17
Choosing the Proper Corporate Trustee for Your Estate Plan | Ocean Estate Law
Jennifer explains the selection process of choosing a professional fiduciary for your estate plan.
To schedule a consultation at Ocean Estate Law, visit our we...
Jennifer explains the selection process of choosing a professional fiduciary for your estate plan.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
https://wn.com/Choosing_The_Proper_Corporate_Trustee_For_Your_Estate_Plan_|_Ocean_Estate_Law
Jennifer explains the selection process of choosing a professional fiduciary for your estate plan.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
- published: 30 Mar 2023
- views: 4
36:15
Choosing a Trustee For Complex Estate Plans | Ocean Estate Law
Estate planning attorney Jennifer Elliott discusses why a professional fiduciary may be a good option for your complex estate plan, how a professional fiduciary...
Estate planning attorney Jennifer Elliott discusses why a professional fiduciary may be a good option for your complex estate plan, how a professional fiduciary can avoid conflicts, how a professional fiduciary can manage special needs trusts, and handling special assets.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
Chapters
_____________
01:48 - How to Choose a Trustee
05:34 - The Duties of a Trustee
06:50 - What to Do if You Can't Decide On a Trustee
09:07 - Corporate Trustee (Professional Fiduciary)
11:27 - Challenging Assets to Distribute
12:29 - What Problems Do Professional Fiduciaries Help With?
13:40 -Professional Fiduciary if You Have a Special Needs Child
16:03 - Pet (Animal) Trust
19:20 - Why You Need a Professional Fiduciary in Your Estate Plan (Trust)
23:55 - Estate Planning For Blended Families
29:38 - Private Fiduciaries
https://wn.com/Choosing_A_Trustee_For_Complex_Estate_Plans_|_Ocean_Estate_Law
Estate planning attorney Jennifer Elliott discusses why a professional fiduciary may be a good option for your complex estate plan, how a professional fiduciary can avoid conflicts, how a professional fiduciary can manage special needs trusts, and handling special assets.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
Chapters
_____________
01:48 - How to Choose a Trustee
05:34 - The Duties of a Trustee
06:50 - What to Do if You Can't Decide On a Trustee
09:07 - Corporate Trustee (Professional Fiduciary)
11:27 - Challenging Assets to Distribute
12:29 - What Problems Do Professional Fiduciaries Help With?
13:40 -Professional Fiduciary if You Have a Special Needs Child
16:03 - Pet (Animal) Trust
19:20 - Why You Need a Professional Fiduciary in Your Estate Plan (Trust)
23:55 - Estate Planning For Blended Families
29:38 - Private Fiduciaries
- published: 28 Mar 2023
- views: 28
2:48
Ken Fisher Answers: What Is a Fiduciary?
Do you know what a “fiduciary” money manager is? Not many people do! But that doesn’t mean it’s not important. In this video, Fisher Investments’ founder, Ken F...
Do you know what a “fiduciary” money manager is? Not many people do! But that doesn’t mean it’s not important. In this video, Fisher Investments’ founder, Ken Fisher, explains the fiduciary standard, how it applies to investment advisers and what that means for you. Registered investment advisers are obligated to operate under the fiduciary standard. A fiduciary money manager must put the interests of the clients first, rather than picking strategies and investments that are just good enough. Many sellers of financial services either are not a fiduciary or can operate as a fiduciary in some aspects but may not always be obligated to do so. Much of the financial services industry has operated under an alternate standard, called the suitability standard. The suitability standard states that an adviser must recommend something suitable—or good enough—for you. However, this rule leaves some ambiguity and room for these money managers to recommend products that put the advisors interest ahead of yours and may not necessarily be in your interest. The fiduciary standard helps clearly identify an adviser obligated to put you’re your interests first. Watch now to learn more!
To learn more about Fisher Investments, visit us here. https://fisherinvestments.com
If you missed Ken explaining the index of Leading Economic Indicators (LEI), watch it here. https://youtu.be/dY8wUmJR5-o
Please subscribe and let us know your thoughts in the comments below!
Connect with us on:
Facebook - https://www.facebook.com/fisherinvestments
Twitter - https://twitter.com/fisherinvest
LinkedIn - https://www.linkedin.com/company/fisher-investments
https://wn.com/Ken_Fisher_Answers_What_Is_A_Fiduciary
Do you know what a “fiduciary” money manager is? Not many people do! But that doesn’t mean it’s not important. In this video, Fisher Investments’ founder, Ken Fisher, explains the fiduciary standard, how it applies to investment advisers and what that means for you. Registered investment advisers are obligated to operate under the fiduciary standard. A fiduciary money manager must put the interests of the clients first, rather than picking strategies and investments that are just good enough. Many sellers of financial services either are not a fiduciary or can operate as a fiduciary in some aspects but may not always be obligated to do so. Much of the financial services industry has operated under an alternate standard, called the suitability standard. The suitability standard states that an adviser must recommend something suitable—or good enough—for you. However, this rule leaves some ambiguity and room for these money managers to recommend products that put the advisors interest ahead of yours and may not necessarily be in your interest. The fiduciary standard helps clearly identify an adviser obligated to put you’re your interests first. Watch now to learn more!
To learn more about Fisher Investments, visit us here. https://fisherinvestments.com
If you missed Ken explaining the index of Leading Economic Indicators (LEI), watch it here. https://youtu.be/dY8wUmJR5-o
Please subscribe and let us know your thoughts in the comments below!
Connect with us on:
Facebook - https://www.facebook.com/fisherinvestments
Twitter - https://twitter.com/fisherinvest
LinkedIn - https://www.linkedin.com/company/fisher-investments
- published: 14 Mar 2019
- views: 4721
2:35
What is Fiduciary?
Jackie Hu, your local and international real estate expert, explains what fiduciary means when it comes to real estate and working with a real estate agent. Fid...
Jackie Hu, your local and international real estate expert, explains what fiduciary means when it comes to real estate and working with a real estate agent. Fiduciary duty is a precedent and standard for a real estate agent to act in your best interest. At the Hu & Blue Real Estate Group, we take this very seriously and ensure all our clients receive the highest level of care.
#huandbluerealestategroup #realestatewithintegrity #husyourrealtor #hucares #fiduciary
https://wn.com/What_Is_Fiduciary
Jackie Hu, your local and international real estate expert, explains what fiduciary means when it comes to real estate and working with a real estate agent. Fiduciary duty is a precedent and standard for a real estate agent to act in your best interest. At the Hu & Blue Real Estate Group, we take this very seriously and ensure all our clients receive the highest level of care.
#huandbluerealestategroup #realestatewithintegrity #husyourrealtor #hucares #fiduciary
- published: 26 Jul 2022
- views: 13
13:12
Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained
What is a fiduciary vs a broker? What is a fiduciary responsibility? Let's look at the fiduciary rule explained in detail, and why, if you follow the money, a f...
What is a fiduciary vs a broker? What is a fiduciary responsibility? Let's look at the fiduciary rule explained in detail, and why, if you follow the money, a fiduciary money manager may just be someone who is willing to charge you massive, yearly fees, rather than someone who is better educated or better able to get you what you want--results.
So let's take a look at the fiduciary rule, how a fiduciary relationship works, what it is meant to protect you from, and find out if the term fiduciary really makes a difference.
Of course, there is an argument to be made that if an advisor charges a commission, then they could be swayed to give you products or services that are ineffective, or worse damaging, for you as the individual, because they make a commission on that transaction.
But then, going with that same logic, why would a fiduciary, just because they are charging a fee, do any differently? Does charging a fee make someone more ethical? Does charging a fee make someone more knowledgeable?
Should we be looking to pay fees forever as a way to protect our financial future?
Let's dive in with Dan Thompson and Wise Money Tools!
--
Click the link to access additional information on building your wealth, tax-free!
Visit - https://WiseMoneyTools.com/
Setup a personal strategy session with me:
https://www.scheduleyou.in/HR2rVg
Like and Subscribe!
https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1
Visit me on the web-
http://WiseMoneyTools.com/
I have been involved in financial planning for over 36 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments.
Now I focus on building wealth using a tool we developed by leveraging life insurance.
This way we can get:
Double Digit returns
Keep you money safe
Keep your money liquid
Create substantial passive income
Leave a legacy for you family
And do it all Tax-Free!
I post videos regularly so if you have any questions of comments feel free to email them to...
dan at wisemoneytools dot com
https://wn.com/Fiduciary_Vs_Broker_Paying_Fees_Forever_Fiduciary_Rule_Explained
What is a fiduciary vs a broker? What is a fiduciary responsibility? Let's look at the fiduciary rule explained in detail, and why, if you follow the money, a fiduciary money manager may just be someone who is willing to charge you massive, yearly fees, rather than someone who is better educated or better able to get you what you want--results.
So let's take a look at the fiduciary rule, how a fiduciary relationship works, what it is meant to protect you from, and find out if the term fiduciary really makes a difference.
Of course, there is an argument to be made that if an advisor charges a commission, then they could be swayed to give you products or services that are ineffective, or worse damaging, for you as the individual, because they make a commission on that transaction.
But then, going with that same logic, why would a fiduciary, just because they are charging a fee, do any differently? Does charging a fee make someone more ethical? Does charging a fee make someone more knowledgeable?
Should we be looking to pay fees forever as a way to protect our financial future?
Let's dive in with Dan Thompson and Wise Money Tools!
--
Click the link to access additional information on building your wealth, tax-free!
Visit - https://WiseMoneyTools.com/
Setup a personal strategy session with me:
https://www.scheduleyou.in/HR2rVg
Like and Subscribe!
https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1
Visit me on the web-
http://WiseMoneyTools.com/
I have been involved in financial planning for over 36 years. I started out as a high volume stockbroker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments.
Now I focus on building wealth using a tool we developed by leveraging life insurance.
This way we can get:
Double Digit returns
Keep you money safe
Keep your money liquid
Create substantial passive income
Leave a legacy for you family
And do it all Tax-Free!
I post videos regularly so if you have any questions of comments feel free to email them to...
dan at wisemoneytools dot com
- published: 22 Sep 2016
- views: 14049
3:47
Who Should I Choose to Be My Estate Trustee | Ocean Estate Law
Estate planning attorney Jennifer Elliott discusses the process of selecting an appropriate trustee for your estate plan, ensuring that you can have a sense of ...
Estate planning attorney Jennifer Elliott discusses the process of selecting an appropriate trustee for your estate plan, ensuring that you can have a sense of security and assurance that your assets will be safeguarded and distributed appropriately.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
https://wn.com/Who_Should_I_Choose_To_Be_My_Estate_Trustee_|_Ocean_Estate_Law
Estate planning attorney Jennifer Elliott discusses the process of selecting an appropriate trustee for your estate plan, ensuring that you can have a sense of security and assurance that your assets will be safeguarded and distributed appropriately.
To schedule a consultation at Ocean Estate Law, visit our website at www.Oceanestatelaw.com or call us at (949)420-0070.
- published: 30 Mar 2023
- views: 11
2:11
What is a Fiduciary? Why is Fiduciary Duty Important?
There has been a lot of talk in the past few years about "fiduciary duty." Senior Financial Planner Allison Alley, CFP® of Pure Financial Advisors explains what...
There has been a lot of talk in the past few years about "fiduciary duty." Senior Financial Planner Allison Alley, CFP® of Pure Financial Advisors explains what it means to be held to the fiduciary standard, and why it's important to work with a fiduciary when it comes to financial planning.
READ THE BLOG 6 Questions to Ask Your Advisor: http://bit.ly/AdvisorQs
Get answers to your personal finance questions. Subscribe on YouTube:
http://bit.ly/PureFinancialYouTube
Transcript:
One of the questions we get quite a bit is what is a fiduciary, what's the fiduciary duty and why is that important? Well, a fiduciary is a person or a legal entity, like a bank or a brokerage firm, that's legally required to act in the best interest of a client in situations requiring total trust honesty and good faith.
Really, anyone can be a fiduciary. The most common example of a fiduciary is a trustee of a trust. But corporate officers are also fiduciaries to their shareholders. Attorneys are fiduciaries to clients, and some but not all financial advisors are fiduciaries to clients.
It's also important to understand what the fiduciary duty is. The fiduciary duty is the highest standard of care. It's acting in the best interest of the client or beneficiary in all situations, even if those decisions are contrary to your own interests. For financial advisors, this may mean giving advice that results in no compensation. The reason that this is important is because not all financial advisors are fiduciaries - in fact, financial advisors aren't required to be fiduciaries.
So before you make a decision on a financial advisor that you want to work with, you want to understand whether they're held to a fiduciary standard or not. Questions you might want to ask are surrounding the type of products they recommend, the type of advice they give, and how they're compensated. If you ask an advisor if they are fiduciary and they are fee-only advisor, it's likely that they are also a fiduciary. A commission-based advisor is almost likely not a fiduciary. Important questions to ask before making those decisions.
One thing to keep in mind, Pure Financial is a fiduciary; we are a fee-only financial advisory firm. If you have any other questions, contact us at PureFinancial.com
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.
Schedule a free assessment with an experienced financial professional:
http://bit.ly/PureAssessment
Office locations: https://bit.ly/PureLocations
Ask Joe & Big Al On Air: https://bit.ly/AskJoeAndBigAl
Subscribe to our YouTube channel: https://bit.ly/YMYW-YT
Subscribe to the Your Money, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=y
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
https://wn.com/What_Is_A_Fiduciary_Why_Is_Fiduciary_Duty_Important
There has been a lot of talk in the past few years about "fiduciary duty." Senior Financial Planner Allison Alley, CFP® of Pure Financial Advisors explains what it means to be held to the fiduciary standard, and why it's important to work with a fiduciary when it comes to financial planning.
READ THE BLOG 6 Questions to Ask Your Advisor: http://bit.ly/AdvisorQs
Get answers to your personal finance questions. Subscribe on YouTube:
http://bit.ly/PureFinancialYouTube
Transcript:
One of the questions we get quite a bit is what is a fiduciary, what's the fiduciary duty and why is that important? Well, a fiduciary is a person or a legal entity, like a bank or a brokerage firm, that's legally required to act in the best interest of a client in situations requiring total trust honesty and good faith.
Really, anyone can be a fiduciary. The most common example of a fiduciary is a trustee of a trust. But corporate officers are also fiduciaries to their shareholders. Attorneys are fiduciaries to clients, and some but not all financial advisors are fiduciaries to clients.
It's also important to understand what the fiduciary duty is. The fiduciary duty is the highest standard of care. It's acting in the best interest of the client or beneficiary in all situations, even if those decisions are contrary to your own interests. For financial advisors, this may mean giving advice that results in no compensation. The reason that this is important is because not all financial advisors are fiduciaries - in fact, financial advisors aren't required to be fiduciaries.
So before you make a decision on a financial advisor that you want to work with, you want to understand whether they're held to a fiduciary standard or not. Questions you might want to ask are surrounding the type of products they recommend, the type of advice they give, and how they're compensated. If you ask an advisor if they are fiduciary and they are fee-only advisor, it's likely that they are also a fiduciary. A commission-based advisor is almost likely not a fiduciary. Important questions to ask before making those decisions.
One thing to keep in mind, Pure Financial is a fiduciary; we are a fee-only financial advisory firm. If you have any other questions, contact us at PureFinancial.com
Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.
Schedule a free assessment with an experienced financial professional:
http://bit.ly/PureAssessment
Office locations: https://bit.ly/PureLocations
Ask Joe & Big Al On Air: https://bit.ly/AskJoeAndBigAl
Subscribe to our YouTube channel: https://bit.ly/YMYW-YT
Subscribe to the Your Money, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=y
IMPORTANT DISCLOSURES:
• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.
• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.
• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.
• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
- published: 30 Dec 2019
- views: 28361
1:25
Fiduciary Duty | Ethics Defined
A Fiduciary Duty is a legal obligation to act in the best interest of another rather than one’s self. This video is part of Ethics Defined, an animated library ...
A Fiduciary Duty is a legal obligation to act in the best interest of another rather than one’s self. This video is part of Ethics Defined, an animated library of more than 50 ethics terms and concepts from Ethics Unwrapped, available at https://ethicsunwrapped.utexas.edu/glossary
For free videos and teaching resources on ethics and leadership, visit http://ethicsunwrapped.utexas.edu/
Ethics Unwrapped is a free online educational program produced by the Center for Leadership and Ethics at The University of Texas at Austin. It offers an innovative approach to introducing complex ethics topics that is accessible to both students and instructors. For more videos, case studies, and teaching materials, visit http://ethicsunwrapped.utexas.edu/
A complete playlist of Ethics Unwrapped videos available on YouTube may be found at: http://bit.ly/2lzF71u
© 2017 The University of Texas at Austin. All Rights Reserved.
https://wn.com/Fiduciary_Duty_|_Ethics_Defined
A Fiduciary Duty is a legal obligation to act in the best interest of another rather than one’s self. This video is part of Ethics Defined, an animated library of more than 50 ethics terms and concepts from Ethics Unwrapped, available at https://ethicsunwrapped.utexas.edu/glossary
For free videos and teaching resources on ethics and leadership, visit http://ethicsunwrapped.utexas.edu/
Ethics Unwrapped is a free online educational program produced by the Center for Leadership and Ethics at The University of Texas at Austin. It offers an innovative approach to introducing complex ethics topics that is accessible to both students and instructors. For more videos, case studies, and teaching materials, visit http://ethicsunwrapped.utexas.edu/
A complete playlist of Ethics Unwrapped videos available on YouTube may be found at: http://bit.ly/2lzF71u
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- published: 18 Dec 2018
- views: 46757
2:08
Fiduciary
Provided to YouTube by IIP-DDS
Fiduciary · Ocean Sounds
Fiduciary
℗ Ocean Sounds
Released on: 2019-10-28
Composer Lyricist: Ocean Sounds
Auto-generated b...
Provided to YouTube by IIP-DDS
Fiduciary · Ocean Sounds
Fiduciary
℗ Ocean Sounds
Released on: 2019-10-28
Composer Lyricist: Ocean Sounds
Auto-generated by YouTube.
https://wn.com/Fiduciary
Provided to YouTube by IIP-DDS
Fiduciary · Ocean Sounds
Fiduciary
℗ Ocean Sounds
Released on: 2019-10-28
Composer Lyricist: Ocean Sounds
Auto-generated by YouTube.
- published: 06 Sep 2023
- views: 2