Broker Check

Are We Fiduciaries?

What Is A Fiduciary?

No doubt you've heard the word "fiduciary" in the media many times, but have you considered what a fiduciary is? A fiduciary is any person or institution that has the power to act on behalf of another in situations that require great trust, honesty, and loyalty. This relationship is both legal and ethical. Fiduciaries include accountants, attorneys, bankers, mortgage brokers, real estate agents, and financial advisers. These individuals are hired to act in your best interests and must set aside their own personal motives in favor of your goals and well-being. Thus, a fiduciary is one who puts their client's best interests first.

Are We Fiduciaries?

At Best Path Advisors, we believe in placing our clients' best interests first, and therefore we have committed to the Five Fiduciary Principles created by the Committee for the Fiduciary Standard:

  • We will always put our clients' best interests first.
  • We will act with prudence; that is, with the skill, care, diligence and good judgment of a professional.
  • We will not mislead clients, and we will provide conspicuous, full and fair disclosure of all important facts.
  • We will avoid conflicts of interest.
  • We will fully disclose and fairly manage, in our clients' favor, any unavoidable conflicts.

These five principles are central to how we serve our clients and their families on a day-to-day basis and can be seen in the way we offer personalized, holistic financial plans with recommendations based on your goals; ongoing support and updates with regular meetings and communications; quick response to your questions; unlimited phone calls and emails; transparency on fees and compensation, and attention to details. You can learn more about the way we serve our clients in our Client Engagement Standards.