- Client Experience
- Fiduciary Standard
Fiduciary Standard
Most wealth management firms say they act in the best interests of their clients. Of course, there are the legal obligations imposed by the federal and state securities laws. But the fiduciary standard means a bit more to us than that. As a fiduciary, we have duties of care and loyalty to our clients. We must prioritize their financial well-being above our own and maintain an ethical, client-centered practice in our financial advice and decision-making.
KEY PRINCIPLES
Fiduciary Financial Advisors
Fiduciary financial advisors are transparent about fees, compensation structure, and any potential conflicts of interest. They should provide clear, understandable information about how they are compensated for their services. What are some other fiduciary principles JFS Wealth Advisors follows?
We don't receive commissions from financial product sales or recommend certain investments over others because we would earn more. We're transparent about how we're compensated. That includes how and when we charge a fee for our services, which can be flat, hourly, or a percentage of assets under management.
Before you sign on the dotted line, we will establish a written plan outlining our responsibilities, the scope of our services, and our process — detailing what we're going to do and how we will do it. Your advisory team will guide you through the financial impact of the various options available so you can make the best possible decisions.
Our advisors continually monitor clients' financial situations, objectives, risk tolerance, and goals. When circumstances change, our teams adjust the financial plan and investment strategy to keep it aligned with the client's evolving needs. Our investment committee performs due diligence and provides oversight of fund managers, portfolio construction, and investment strategies.
Our wealth management professionals are committed to ongoing professional education. They stay up-to-date with changes in financial laws, regulations, and market trends to provide informed advice that is in the best interest of our clients. Many of our fiduciary advisors hold relevant professional certifications and designations, such as CERTIFIED FINANCIAL PLANNER™ or Certified Investment Management Analyst®, often requiring adherence to fiduciary standards.
Benefits of Choosing a Fiduciary Advisor
While fiduciaries must act solely in the best interests of their clients, other financial professionals may be held to a lower suitability standard, meaning they only need to recommend investments suitable for a client’s general financial situation rather than necessarily in their best interests. Here’s how else the fiduciary standard helps set us apart.
Client-Centric Approach
Unbiased
Advice
Increased
Transparency
Reduced Conflicts of Interest
YOUR ADVOCATES
Fiduciary Focus
JFS utilizes a fiduciary practices resource named “Fi360,” which defines standards to help govern investment research, choices, and ongoing oversight. As investment fiduciaries, we always put the client’s interest first.
JFS advocates for clients’ best interests by maintaining objectivity in advice, integrity in service, and compassion in understanding the unique complexities that impact financial success.
Trust, accountability, and no surprises.
Before you sign on the dotted line, we will establish a written plan that outlines our process and approach, detailing what we’re going to do and how we’re going to do it.
Your advisory team will guide you through the financial impact of the various options available so you can make the best possible decisions for you and your family (or your business or employees!).
