Barron’s: Seek Fiduciary Advice

fiduciary advice

(5/26/2019) Barron’s recently encouraged investors to seek fiduciary advice as part of their “10 Rules for Financial Freedom” article. According to the article, investors should “Seek unbiased advice. Make sure your advisor has your back. Look for experts who act as fiduciaries, meaning they put your interests first and avoid conflicts of interest such as selling products on a commission. Demand transparency when it comes to fees. Typically, a fiduciary will charge a fee equal to a percentage of assets or a flat fee for single sessions. Look for well-respected designations earned through educational programs and ongoing coursework, such as CFP (Certified Financial Planner) or CFA (chartered financial analyst). Consider only advisors who custody assets with a third party.”

Sunrise Advisors, through our team of advisors, Certified Financial Planners (CFP), and attorneys, provides fiduciary advice for our clients. We custody assets at third-party custodians, ensuring our objectivity and independence.

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