What is a Fiduciary?

The financial industry is always evolving, and a major change is coming our way. Starting in April 2017, any independent financial advisor managing a retirement account for their client will be required by the DOL to act as a fiduciary. The fiduciary duty requires an advisor to act in the best interest of their clients and to put their clients’ needs above their own always. They must act with loyalty and care, provide upfront disclosures to the client, and eliminate all conflicts of interest. This won't be a major change with how we work at B3 Wealth Strategies because we have always acted in the best interests of our clients and will continue to.

The Fiduciary Duty

The fiduciary duty requires an advisor to act in the best interest of their clients and to put their clients’ needs above their own at all times. They must act with loyalty and care, provide upfront disclosures to the client, and eliminate all conflicts of interest.