A fiduciary is a financial advisor who is legally required to act in a client's best interest, not just recommend something that's suitable or acceptable. That standard means putting the client's needs ahead of the advisor's own compensation. Every advisor at Harris Federal Financial Advisors is a licensed fiduciary.
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When you're working with a financial advisor, one of the most important things to understand is whether that advisor is legally required to act in your best interest. That's what the term fiduciary means.
A fiduciary is an advisor who is legally required to act in your best interest, not just recommend something that's suitable or acceptable. The distinction matters because not all financial advisors are held to the same standard. When an advisor is a fiduciary, they're required to put your needs ahead of their own financial interests, including how they're compensated.
If you're working with a financial advisor, or in the process of choosing one, knowing their fiduciary status is one of the most basic ways to understand whose interest they're actually working in. At Harris Federal Financial Advisors, we truly care about the long-term outcome of our clients. That's why every one of our advisors is a licensed fiduciary.
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