Fiduciary Standard

Taking the Extra Step

Choosing a financial advisor can be one of the most important decisions you will make. That is because what happens with your investments can literally alter the course of your lifestyle – and your life.

When selecting a professional to work with, many consumers assume that the advisor will automatically act in the client’s best interest. Unfortunately, that isn’t necessarily always the case. In many instances, financial “advisors” are simply trying to sell various products to their customers, regardless of whether or not those products will help the client reach their goals.

At Dash Investments, we are fiduciaries, and we are proud to commit to the five fiduciary principles which include:

  • Always putting our clients’ best interest first.
  • Acting with prudence – that is, with the skill, care, diligence, and good judgment of a professional.
  • Not misleading our clients, but rather providing conspicuous, full, and fair disclosure of all important facts.
  • Avoiding all conflicts of interest.
  • Fully disclosing and fairly managing, in our clients’ favor, any unavoidable conflicts.

Before you move forward in working with a financial advisor, you need to be sure that you know which set of “rules” he or she is working under. This is because under financial laws and regulations, there are actually two different standards of consumer protection.
One of these is for financial advisors who offer various insurance and investment products. These “salespeople” are essentially obligated to their employer – not to their clients. The other is for professionals who are registered as investment advisors with the federal Securities and Exchange Commission (SEC) or comparable state regulators.

In the case of the latter, a Registered Investment Advisor does not sell specific products to their clients, but instead offers financial solutions. In doing so, the clients’ goals are put ahead of everything else. In fact, as fiduciaries, it is their legal obligation. At Dash Investments, this is what we do.

Regardless of whether you decide to work with Dash Investments or you choose another firm, we highly recommend that you inquire as to whether or not the firm you go with is a fiduciary and abides by the fiduciary principles. If it is not, then you may want to reconsider why you are trusting your money with them.

If you would like additional information about the importance of working with a fiduciary, we would be happy to provide you with more details.