What is a Fiduciary and Why Does it Matter?

We have always served our clients with their best interest in mind – simply put, that’s called being a fiduciary!  Nonetheless, the Fiduciary Rule is possibly the biggest regulatory change governing the financial advice industry in years.  It means that putting the client’s interest first is no longer just the morally right thing to do.  Rather, now, a financial advisor may be legally obligated to place the client’s interest ahead of their own in certain instances.  Fiduciaries are also expected 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 and will always serve our clients with their best interests at heart.  In fact, our principal and founder, Debbie Taylor, and our entire team, have committed to the 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 you.

Our commitment to the Fiduciary Principles 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, we are better able to serve you, and we put your interests first and hold ourselves accountable.

How else does Taylor Financial Group put clients first?

First and foremost, we transparently disclose our fees and services to you, and we are always open to questions or concerns that you may have.  Moreover, we always consider a client’s needs and goals whenever we are preparing a financial plan or recommending strategies.  We take the time to learn what’s important to you, so that we can best serve you.  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 of 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 that you stay on track toward pursuing your goals.  We love what we do and we are deeply committed to every single client.  Because we serve less than 100 households, every client has a personal relationship with our team and they are all special to us.

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

Watch this video to learn how Taylor Financial Group is sitting on the same side of the table as you.