The Power of a Fiduciary: Why You Should Care
Have you ever heard the term “fiduciary” and wondered what it means? At Mainstay Capital, we hold a fiduciary duty to our clients. We believe it is important to explain what this means and why having this type of relationship with an advisor is beneficial for the client.
What Does it Mean?
A fiduciary is someone who has been entrusted to act in good faith and with utmost loyalty on behalf of their clients. This means that any advice we provide is required to be completely unbiased and honest, as well as ensuring all fees associated with services or investments are transparent to the client. Additionally, any potential conflicts of interest must be identified upfront so that no undue harm comes to the client.
Having a fiduciary relationship with us offers numerous advantages for our clients. Firstly, they can have peace of mind knowing that their financial advisor is always putting their interests first. Furthermore, there are no commissions charged on investments which allows customers to trust in impartial information and advice about what would be best for them financially. Finally, it ensures that communication between advisors and clients is open and honest.
At Mainstay Capital we understand how daunting investing can be for some, which is why our flat fee pricing structure allows clients to know exactly what they are paying for services. Additionally, all investments recommended by us are evaluated based on their long-term benefits and potential risks to the client, rather than short-term profits or commissions for the advisor. To best meet individual needs and goals, each customer receives a comprehensive financial plan developed specifically with them in mind.
We want each of our clients to feel confident in their investments without any hidden costs or agendas - that is why we serve as a fiduciary at Mainstay Capital. If you have any questions about our services, or the fiduciary duty, please reach out. Don't forget to share this blog post with family or friends who may be searching for a reliable financial advisor!