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Fiduciary Advisor

What is a fiduciary?

A fiduciary is a general legal term for person in a position of trust. That professional must apply a very high standard of care when acting on behalf of someone else.

Fiduciaries have an ethical and legal duty to always place client’s interests above their own. This results from the type of the relationship and goes beyond the care that’s required in general business, contractual or social relationships. The two most important duties of fiduciaries are loyalty and care. These duties are the basis for the specific obligations of investment managers, custodians and advisors established in contemporary laws and regulations. A fiduciary’s actions must always be directed by the principles of loyalty and care, which is why the fiduciary standard is said to be principles-based.

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Where there is a fiduciary association between a financial advisor and their client, the advisor must apply the highest benchmark of care under the law. This approach acknowledges the comparatively vulnerable situation of the client and the special trust placed in the advisor.

What is a fiduciary financial advisor?

A fiduciary financial advisor is a person who is charged with the responsibility for management of the assets of others and is thus in a unique position of confidence, reliance and trust. The standard of conduct expected of fiduciaries is considered the oldest, strongest, and most respected standard in law.

Why do I need a fiduciary?

A fiduciary is more likely to do the right thing by you.

This is because, essentially, the advisor has a duty to:

  • always place your best interests ahead of their own gain

  • avoid conflicts of interest

When do I need a fiduciary?

Life events and a change in circumstances is often a key reason why people seek out fiduciary financial advisors.

  • getting married

  • starting or growing a family

  • having the mortgage paid off

  • thinking of retiring or a lifestyle change

  • receipt of an inheritance or windfall

  • considering downsizing your home

Want to talk to a fiduciary financial advisor?  

Book a time here for a complimentary, no obligation 15 minute phone chat with Simon about how he could work with you

Questions to ask your fiduciary financial advisor? 

Email our client service team for a free copy of "13 questions to ask your fiduciary financial advisor"

How can a fiduciary advisor help you?

1 / Develop a financial plan

A fiduciary financial advisor can help you create a comprehensive financial plan that takes into account your financial & lifestyle goals, risk tolerance, and current financial situation.

2 / Asset allocation

Help you to diversify your investments and allocate your assets in a way that aligns with your financial goals and risk tolerance.

3 / Investment management

Provide customised investment recommendations and ongoing management of your portfolio to help you achieve your financial goals.

4 / Tax planning

Help you to find strategies to minimize your tax liability and maximize your after-tax returns.

5 / Retirement & Entitlement planning

Help you plan for retirement, including creating a retirement savings strategy, choosing the right superannuation accounts and maximising any government benefits you may be entitled to.

6 / Family & Business succession planning

They can assist with estate  planning, including creating a will, setting up trusts, and choosing the right life insurance policies.

By working with a fiduciary financial advisor, you can receive unbiased financial advice that is aligned with your best interests. They can help you make informed financial decisions and take the best action to achieve your long-term financial goals.

Address

Cirque Chatswood, Level 7, 9 Help Street, Chatswood NSW 2067

Contact

(02) 8076 5630

Opening Hours

Mon - Fri

9:00 am – 5:00pm

Sat - Sun

Closed

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