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  • Writer's pictureMarcus P. Miller, CFP®, MBA

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.

The Benefits

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!

Legal Disclosure

The opinions expressed in this website are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. We cannot provide financial advice if we do not know your specific financial situation. Please talk to your financial advisor or do your own research before making financial decisions. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Any indices referenced for comparison are unmanaged and cannot be invested into directly. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

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