Fee-Only Fiduciary Financial Adviser

Using a third-party custodian like Axos Advisor Services for holding client assets is a fundamental practice in wealth management for ensuring investor protection and transparency. Here's why:
  1. Independence and Accountability: By entrusting assets to a third-party custodian, investors establish a separation between their financial advisor or wealth manager and the assets themselves. This separation ensures that client assets are held independently from the financial institution managing them, enhancing accountability and reducing the risk of mismanagement or fraud.
  2. Client Asset Protection: Placing client assets with a third-party custodian offers an additional layer of protection against potential risks associated with the financial institution managing the investments. In the event of insolvency, bankruptcy, or malfeasance on the part of the advisor or wealth manager, client assets remain separate and can be easily identified and retrieved.
  3. Transparency: Clients benefit from transparency and oversight through independently verified statements provided by the custodian. These statements offer clients a clear view of the value and status of their accounts, helping to build trust and confidence in the management of their investments.
  4. Regulatory Compliance: Utilizing a third-party custodian often aligns with regulatory requirements and industry best practices, which mandate the segregation of client assets from those of the financial institution managing them. This adherence to regulatory standards further enhances investor protection and ensures compliance with applicable laws and regulations.
In summary, the use of a third-party custodian like Axos Advisor Services is a critical safeguard for investors with fiduciary wealth. It promotes independence, accountability, asset protection, transparency, and regulatory compliance, all of which are essential elements in maintaining the integrity of the client-advisor relationship and safeguarding investor interests.

FIDUCIARY FINANCIAL ADVISER



Fiduciary Wealth is a Registered Investment Advisor.

Registered Investment Advisers differ from banks, brokers and insurance companies.

Registered Investment Advisers are fiduciaries. 

This means they must place the interests of their clients first.

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Banks, brokers and insurance companies often use commissions, bonuses, contests and sales quotas to motivate their employees.

This can lead to recommendations which not may not be in the best interests of the customer.

 
Fiduciaries are held to higher ethical standards, have greater responsibility and are more limited in compensation.
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Fiduciary Wealth is not controlled by any broker, bank or insurance company.  

​Our only responsibility is to our clients.