These advisors are held to a fiduciary standard...is yours?
“One of the many reasons I chose to be a financial
advisor who adheres to a fiduciary standard is the
relationships. It’s about helping people lead more
financially secure lives.”
David W. Malmgren, CFA
“A financial professional should be knowledgeable,
responsive, competent, innovative, and caring.
But most of all, a financial professional should be
required to act as a fiduciary and place the clients’
interest first.”
David H. Bugen, CFP®
THE NAPFA FIDUCIARY OATH
NAPFA is proud to be the only financial services professional association that requires every member to adhere to a “Fiduciary Oath.” This oath is the guiding principle for all 1,600 NAPFA members as they work with their clients every day.
NAPFA’s Fiduciary Oath:
The advisor shall exercise his/her best efforts to act in good faith and in the best interests of the client. The advisor shall provide written disclosure to the client prior to the engagement of the advisor, and thereafter throughout the term of the engagement, of any conflicts of interest, which will or reasonably may compromise the impartiality or independence of the advisor.
The advisor, or any party in which the advisor has a financial interest, does not receive any compensation or other remuneration that is contingent on any client's purchase or sale of a financial product. The advisor does not receive a fee or other compensation from another party based on the referral of a client or the client's business.
What the Fiduciary Oath means to you:
• The advisor shall always act in good faith and with candor.
• The advisor shall be proactive in disclosure of any possible conflicts of interest.
• The advisor shall not accept any referral fees or compensation that is contingent upon the purchase or sale of a financial product.
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