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Question

Should I require my advisor to be a fiduciary?

Answer

That’s up to you. Fiduciary status gives you a legal framework that helps keep your advisor’s incentives aligned with yours. A fiduciary can’t recommend products that benefit them more than the products benefit you, and they must disclose potential conflicts of interest. For families with established wealth, this standard provides meaningful protection.

Related FAQs

Where can I verify if my advisory firm is a fiduciary?

What does fiduciary duty mean?

How does using a CFP® professional compare to managing finances on my own?
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Last Updated Sept. 28, 2026
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