One of, if not the main thing, that sets our firm apart from investment brokers is the level of accountability our firm has as a "fiduciary". As a fiduciary we are required by law to look out for what is best for our clients. A recent Goldman Sachs executive's resignation letter gives us an inside look at investment banks and their pursuit of profits. This portion of the article on the resignation letter jumps out.
"When evaluating people who are managing their money, investors need to be mindful of whether the managers are true fiduciaries, or commissioned to serve in the best interest of their clients, Hebner says. You need to understand the relationship you have with your money manager and insure your well-being is their responsibility. If not, you might want to look elsewhere, he says. 'Brokerage firms have clauses that exempt them from being a fiduciary. It's just incredible,' he says"
Are the people who are giving you investment advise or managing your money putting your interests ahead of their own? As a fiduciary, we are required to always put your interest ahead of our own. Read the full article