Are you having trouble finding a financial advisor? If so, here are some tips on how to find a financial advisor that will work for you.
When it comes to finding a financial advisor, it can be tough to make the right choice. There are thousands of firms and individuals to choose from, and an enormous amount of claims from each advisor as to why they’re the best option.
Despite the information overload, investors only have to ask one simple question to narrow down all these options and to help them in finding a financial advisor that will actually have their best interests in mind: “Are you a fiduciary?”
A fiduciary advisor, like LexION Capital, is legally required to act in your best interests at all times. The fiduciary standard is the highest possible legal standard for financial advisors. It’s a little-known secret on Wall Street that most of the advisors are legally brokers, who are only held to the lower suitability standard. The suitability standard that most of Wall Street holds legally allows things like hidden fees, selling self-branded products, and making commission-based decisions.
Of course, there are a multitude of factors to consider when you choose a financial advisor. However, you can rest easy knowing the advisor will have only your interests in mind if they’re a fiduciary. A fiduciary will only recommend an investment or give advice if they believe it’s the very best option for you.
Are you having trouble finding a financial advisor? Interested in learning more about the fiduciary standard? Don’t hesitate to contact us and find out why LexION Capital can provide investment solutions that are the right fit for you.