What Is a Fiduciary?

Financial Matters with Richard Oring

Вміст надано Richard Oring. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Richard Oring або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

2y ago 22:26

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What is a fiduciary? This is a question that Richard Oring is frequently asked by his clients at New Century Financial Group. When looking for an advisor, it's an important question to ask.
A fiduciary is an individual or organization legally required to manage a person's assets for that person's benefit, not their own. Being a fiduciary means a financial advisor is held to a higher standard when making decisions for his or her clients.
Fiduciaries must follow "duty of care" and "duty of loyalty" - Rich explains what these terms mean and entail.
It's also important to understand how your financial advisor is compensated - are the commission only, fee only, or fee-based (a combination of the two)?
The important thing to remember when looking for a financial advisor is to ask questions. This can be a confusing field, but your future is too important to simply make assumptions. And a good financial advisor will make sure your questions are answered.
You can always reach out to Richard Oring and his team at New Century Financial Group. You can schedule an appointment from their website: https://ncfg.com/
Or you can reach out directly to Rich: roring@ncfg.com
Or call him at (609) 924-2049, extension 126.

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