What is a Fiduciary?

We have always served our clients with their best interest in mind – that’s called being a fiduciary!  Nonetheless, the recent passing of the Fiduciary Rule is possibly the biggest regulatory change governing the financial advice industry in years.  It means that a financial advisor may be legally obligated to place the client’s interest ahead of their own in certain instances, and they are obligated to act more transparently by disclosing their fees and how they are compensated, among other things.

How is Taylor Financial Group a Fiduciary?

At Taylor Financial Group, we have been acting as fiduciaries for over 20 years.  We have always and will always serve our clients with their best interests at heart.  In fact, our Founder, Debbie Taylor, has committed to the Five Fiduciary Principles created by the Committee for the Fiduciary Standard, as a promise and constant reminder to our clients that we will always do what’s right for them.

Our Fiduciary Oath to you means we will:

  1. Always put your best interests first.
  2. Act with prudence; that is, with the skill, care, diligence, and good judgement of a professional.
  3. Not mislead clients, and will provide conspicuous, full, and fair disclosure of all important facts.
  4. Avoid conflicts of interest.
  5. Fully disclose and fairly manage, in the client’s favor, any unavoidable conflicts.

By thoughtfully following these five principles, Taylor Financial Group is better able to serve you, and unequivocally puts your interests first.  It holds us accountable.

How else does Taylor Financial Group put clients first?

First and foremost, we always consider a client’s needs and goals whenever we are preparing a financial plan.  To that end, we use our wealth management system, WealthMatch™, to create a personalized plan that connects your financial decisions to the people and things that matter most in your life.  We also provide ongoing support and counseling to you in the form of regular meetings, consistent updates, and periodic “checkup” calls, as well as detailed monthly statements and quarterly reports.  Throughout our 20+ years advising clients, we have come to realize that creating a financial plan is only the beginning of the process.  But the ongoing monitoring and course corrections are the keys to ensure clients stay on track toward pursuing their goals.

Last, but certainly not least, we are primarily fee-based, which means that we are most often compensated through transparent fees charged directly to clients and not by the commissions earned from the sale of financial products.  This fee transparency helps us to minimize conflicts of interest and to provide our clients with balanced advice.

Ultimately, our goal is to help you pursue your goals and live life to the fullest, while giving you financial confidence.