But your friend, a.k.a. your "financial advisor," didn't sell you the best financial products for YOU. (Meaning tailored to fit your goals and life circumstances.)
The truth is you have probably purchased products to drive a higher commission rather than being given the best help.
Hear the laws around financial advising, and how to find the right advisor who can protect your future.
There are Laws focused on Getting you The Best Financial Advice
Do you know about this? If not, please let us help.
The federal government is trying to make it easier to work with fiduciaries and are working to implement a Fiduciary Rule. Until then, please be cautious and know who you're working with.
(Side note the Fiduciary Rule is a little complicated, but let's not get into that now.)
First off... What Is A Fiduciary?
A fiduciary is a trustee / financial advisor that is legally obligated to do what is in your best interest.
You Want To Work With A Fiduciary!
Not all financial advisors are fiduciaries. Is yours?
A "suitability standard" means an advisor only has to pick a product that is suitable for a client and not necessarily the best.
(Meaning if they want to get a larger commission at your expense, they will.)
Unless you know 100% beyond a doubt that your advisor is a fiduciary, you need to check immediately.
How Do I Know If I'm NOT Working With a Fiduciary?
The best thing you can do is ask your financial advisor / planner, "ARE YOU UNDER A FIDUCIARY STANDARD?" Wait for them to answer that question.
You have to know how you are paying your advisor and if they are required to act only in your best interest. You can't afford to get advice from someone who is pushing your dreams aside and reaching their hand into your wallet.
Text your advisor right now and get them on the phone.
The one question you have to ask is "Are you under a fiduciary standard?"
Get Financial Advice You Can Be Confident In
Legally, More Than Money has to work for your best interest.
You can rest confidently knowing our advice is focused on your success.
I'll be happy to review your plan and look to see if you are in the best possible situation to reach your dreams. Consultations are completely free and I love to meet new people and hear their story.