A 30-second read by the Baron Team: Registered Investment Advisers (RIAs) are fiduciaries. We are legally bound to put our clients’ interests above our own. As a fiduciary, we are required to act with undivided loyalty to the client, which includes disclosure of compensation.
Not all advisors have the same legal responsibilities as a fiduciary, but can still call themselves financial planners, advisers, or consultants. Those who aren’t RIAs are not subject to the same fiduciary standard of care and are not required by law to put the client’s interests above their own. You have to ask – and should, so you’ll understand what possible conflicts of interest may arise when their real allegiance is to their firm, rather than to you.
At Baron Financial Group, we don’t accept commissions or incentives to sell investment vehicles. We provide fee-only financial planning and investment advice to serve your best interests. As fiduciaries, we are required by law to place your interests above our own.
To learn more about what a fiduciary is, click here to view our “What is a Fiduciary?” blog post.
If you have any questions about our role as fiduciaries or our services, please feel free to reach out to your Baron Team.