What is a Fiduciary? Investopedia.com defines it as …
“A fiduciary is a person or organization that owes to another the duties of good faith and trust. The highest legal duty of one party to another, it also involves being bound ethically to act in the other’s best interest.”
If a wealth advisor believes and adheres to a principal of acting in their clients’ best interest and feels it is key to their success, then it follows that those advisors cannot plan in a vacuum; all financial assets need to be addressed. This includes an understanding of the client’s life insurance portfolio – personal, trust owned and business. These assets can and will have a significant impact on the clients overall financial picture and if not structured properly can create many problems for loved ones and/or business associates.
Fee Only Advisors – We work directly with you and your client to consult on insurance solutions and execute agreed upon planning strategies on your behalf. Our services are designed with the highest level of sensitivity to your fiduciary role. We communicate on every aspect of the solutions we recommend and are fully transparent in our process. As an independent partner, we focus on your clients’ best interest, not a particular company’s best interest.
Fee-Based Advisors – Our team works with you to determine an insurance services model that best fits your practice. We can work alongside you during client conversations or be a resource to you as case consultants. If you prefer to refer clients directly to us to solve their needs, we will do so with the utmost care, personal attention and proactive communication your clients expect from you. We are straight-forward and transparent in our approach and treat each of your needs with urgency.
Foundation Planning Group helps advisors be the fiduciary that they are required to be without taking on additional staff or adding another core competence to their practice. We are the life insurance experts that they and their clients require to properly assess and implement strategies and solutions.