Selecting a financial advisor is pivotal for your financial future, especially when considering retirement planning. A fiduciary, legally bound to prioritize clients' interests, contrasts with non-fiduciaries who may have conflicting motivations. It's vital to understand this distinction for safeguarding your financial assets. Additionally, tools like SmartAsset can help connect you with vetted fiduciary advisors. By choosing a professional who fulfills a fiduciary duty, you ensure trust and accountability in managing your financial strategy.
A fiduciary is legally obligated to act in the best interest of their clients, managing their money or property responsibly and ethically.
Choosing a financial advisor is a significant decision; it’s essential to select someone who serves under a fiduciary duty to ensure your interests are prioritized.
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