Fiduciaries vs. Brokers
Learn about the key difference between these two roles and how it could impact your investments.
FSG Wealth Advisors, LLC
Understanding the fundamental differences between fiduciary advisors and brokers is crucial when seeking financial guidance. We strive to demystify this distinction for our clients, empowering them to make informed decisions about their investments.
Fiduciary advisors, like FSG Wealth Advisors LLC, are legally obligated to act in their clients' best interests at all times. This means that we are required to prioritize your financial well-being above all else, providing personalized advice and recommendations tailored to your individual goals and circumstances. Our fiduciary duty forms the cornerstone of our relationship with clients, fostering trust and transparency every step of the way.
On the other hand, brokers operate under a different set of standards. While they may offer investment products and services, they are not held to the same fiduciary standard as advisors. Instead, brokers are typically bound by a suitability standard, which means they are only required to recommend investments that are suitable for their clients based on factors such as risk tolerance and investment objectives.
We believe that the fiduciary standard sets a higher bar for ethical conduct and client care. By choosing to work with a fiduciary advisor, you can have confidence knowing that your financial interests always come first. Whether you're planning for retirement, saving for college, or simply looking to grow your wealth, we're here to provide the guidance and support you need to achieve your financial goals.
700 Colonial Road, Ste. 130
Memphis, TN 38117
Dislosure: FSG Wealth Advisors, LLC is an investment adviser registered with the State of Tennessee. FSG Wealth Advisors, LLC may not transact business in states where it is not appropriately registered, excluded or exempt from registration. Individualized responses to persons that involve either the effecting of transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
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