• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Marin Wealth Advisors

Marin Wealth Advisors, LLC.

Registered investment Advisor

  • Investment Advice
    • Help with Your Investments
    • Investment Standards
    • ESG Investing
    • ESG Portfolio Management
  • Financial Planning
    • Stock Compensation Advisors
    • 529 College Savings Plan
    • Estate Planning Advisors
    • Personal Financial Coach
  • Retirement Planning
    • Retirement Financial Advisor
    • Early Retirement
    • Employer 401K Plans
    • IRA Rollover Accounts
    • Business Retirement Plans
  • About
  • Blog
  • Locations
  • Contact
  • Client Portal
  • Investment Advice
    • Help with Your Investments
    • Investment Standards
    • ESG Investing
    • ESG Portfolio Management
  • Financial Planning
    • Stock Compensation Advisors
    • 529 College Savings Plan
    • Estate Planning Advisors
    • Personal Financial Coach
  • Retirement Planning
    • Retirement Financial Advisor
    • Early Retirement
    • Employer 401K Plans
    • IRA Rollover Accounts
    • Business Retirement Plans
  • About
  • Blog
  • Locations
  • Contact
  • Client Portal

A Fiduciary Advisor – What it Means Now & in the Future

July 12, 2016

A Fiduciary Advisor – What it Means Now & in the Future

Based on the recent regulatory changes mandating more fiduciary standards for stock brokers, the issue has been in the news a lot lately. The standard has a fairly basic regulatory definition when pertaining to investment advice.  Regulations require fiduciaries’ advice given to be in the BEST interest of the client, not just suitable for the client.

Fee-only Registered Investment Advisors and Certified Financial Planners have been held to the fiduciary standard for years and we feel they have (and still do) hold a strong competitive advantage over brokers because of this higher standard of care.  But we feel acting in the clients’ best interest is just the start of the role for the independent fiduciary investment advisor to retain that competitive advantage over not only brokers, but DIY and Robo solutions as well.

As fee compression persists thanks to the investment management efficiencies gained from the latest fin-tech tools and because of more transparency and news coverage on advisor compensation, the fiduciaries’ role will likely have to expand further to justify that 1% management fee that is currently commonplace in the industry.

A full-service fiduciary advisor of the future charging 1% should:

  • Be an informed confidant in times of financial and emotional distress
  • Have the capacity to build a financial plan that is constructed with your goals, your best interests at heart, and consistent with your values for money.
  • Serve as your coach who will help you stay on track with your financial plan each year
  • Vet proposals from other professionals – insurance agents, estate planners, accountants, mortgage bankers, realtors, etc. to help you avoid being ripped off or mistreated.
  • Coordinate with your other professionals to ensure your financial team is on the same page in managing your financial life.
  • Have a stable of trusted and vetted referral sources in complimentary professional services fields to execute portions of the plan outside the advisor’s purview.

This type of care, coordination, and expertise is well worth paying for. The firms with the capacity to provide this service as a next-gen fiduciary will likely flourish. Those limiting their scope as a fiduciary to investment advice may struggle to stay relevant as advisory firms are faced with more competition from various online platforms that offer sophisticated investment management at a price not economically feasible for human advisors to match.

Category iconUncategorized

Primary Sidebar

Recent Posts

  • U.S. Averts Credit Disaster, Jobs Strong, Markets Cheer (June 2 Market Recap).
  • Nvidia Powers the Nasdaq, Economic Data Encouraging, Debt Ceiling Progress? (May 26 Market Recap)
  • Debt Ceiling, Nothing Else Matters (May 17 Market Recap).
  • Inflation Continues to Moderate, Debt Ceiling Looms (May 12 Market Recap).
  • Apple and Non-Farm Payrolls Save the Week (May 5 Market Recap).

Categories

  • Asset Allocation (1)
  • Education (112)
  • ESG Investing (1)
  • Estate Planning (4)
  • Financial Planning (10)
  • Investment Management (43)
  • Investments (16)
  • Retirement Planning (12)
  • Stock Compensation (2)
  • Uncategorized (19)

Working With Marin Wealth Advisors

Fee-only Investment Management
Financial Planning at an hourly rate
No commission, no conflict of interest

Request a complimentary one-hour financial review


    Footer

    Marin Wealth Advisors LLC

    899 Northgate Drive, Suite 300
    San Rafael, CA 94903
    415-458-5880

    50 California St. Suite 1500
    San Francisco, CA 94111
    415-472-5885

    1901 Harrison Street, Suite 1100
    Oakland, CA 94612
    510-217-8100

    2121 California Blvd, Suite 290
    Walnut Creek CA 94596
    925-374-4899

    info@marinwealthadvisors.com

    All Content Copyright © 2023 Marin Wealth Advisors, Registered Investment Advisor, Marin County, CA

    Disclaimer:
    The MWA website and blogs are limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links.
    All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

    No information contained on this website or blog constitutes tax, legal, insurance or investment advice.

    Best Financial Advisors in San Francisco
    Financial Advisors in Marin County

    Stay Connected: