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Who is a Fiduciary and What is their Role?

You may be hearing a lot about Fiduciary interest in the news and in communications you are receiving from your current investment firm. A Fiduciary is someone who has a higher standard of care by acting with loyalty, prudence, diligence, skill and care. Who is a Fiduciary and what is their responsibility?

A CERTIFIED FINANCIAL PLANNER™ Professional: A CFP® professional who is providing financial planning services is held to the duty of care of a fiduciary as defined by the CFP Board.

The Employee Retirement Income Security Act (ERISA) requires those in charge of plan management will be held a fiduciary standard. Anyone that has discretionary authority over the plan, anyone on an investment committee or anyone giving investment advice is held to a fiduciary standard.

The Department of Labor Fiduciary Rule, which has been postponed for further review. Currently the Department of Labor has issued a rule that any financial professional giving education or advice on retirement assets be held to a fiduciary standard.







The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.  Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete the CF Board’s initial and ongoing certification requirements.

Who is a Fiduciary, What do they do?

Securities offered through Raymond James Financial Services, In., Member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Windsor Wealth is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdications for which they are propertly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their application jurisdications that are not addressed on this site.  Contact your local Raymond James office for information and availability. Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.