`

 

 913-385-5523  

 RJ Account Login  

 Contact Us  

Fiduciary Difference

Petrovic Weaver Financial Services is a Fee-Only Fiduciary Firm

What does this mean to you?

Fiduciary: \fi-dü-shē-er-ē\ noun, adj: One who is legally and ethically bound to act for another’s benefit. In the client/advisor relationship, a fiduciary must place the client’s interests first.

It is common sense that your financial professional should have the same incentives and priorities that you do – to help ensure that you are successful. However, many investment professionals in the United States are rewarded and compensated not on client success, but on the investment products they sell. This creates inherent conflicts of interest and should call into question their objectivity.

There are three basic ways investment professionals are compensated:

  • Commission-based – The salesman's compensation is determined by the kind of investment product that you are sold and number of times you buy and sell these products. Often, the incentive of the professional may not fully align with the client. (Non-fiduciary or part-time fiduciary)
  • Hybrid – The salesman/advisor can be compensated by fees AND commissions ('double dipping'). In this case, what you do not see (the loads, commissions, bond spreads, etc.) may be substantial. This may limit investment choices and increase the largest cost of investing – opportunity cost. (Non-fiduciary or part-time fiduciary)
  • Fee-Only – The fee-only Registered Investment Advisor (RIA) is compensated only by the client. We believe that this is the most transparent, flexible, and client-centric compensation arrangement. (Full-time fiduciary)

We believe a financial professional should always act in your best interest. As a “fee-only” Registered Investment Advisor, we have a fiduciary duty — a legal and ethical responsibility — to act in your best interest. Unfortunately, many financial professionals are not held to a fiduciary standard. By refusing to accept compensation from anyone except our clients, Petrovic Weaver Financial Services can place our independence and objectivity beyond question. As a “fee-only” Registered Investment Advisor, our primary incentive is to help ensure you succeed.

Logo.png
 

Petrovic Weaver Financial Services is an independent SEC Registered Investment Advisory firm​

The copyright and trademark of The Foundation Freedom Formula are not affiliated with Raymond James Financial Services, Inc. TM & © 2007. The Financial Coach, Inc. All rights reserved.

Five Star Wealth Manager Award

Alex Petrovic, CFP® is a three-time award winner (2012, 2014 & 2015). The award's criteria are 1) credentialed as an investment advisory representative (IAR) or a registered investment advisor; 2) actively employed as a credentialed professional in the financial services industry for a minimum of five years; 3) favorable regulatory and complaint history review; 4) fulfilled their firm review based on internal firm standards; 5) accepting new clients; 6) one-year client retention rate; 7) five-year client retention rate; 8) non-institutionalized discretionary and/or nondiscretionary client assets administered; 9) number of client households served; 10) educational and professional designations. This award is bestowed by Five Star Professional, an independent third party organization.  

Website Design For Financial Services Professionals | Copyright 2017 AdvisorWebsites.com. All rights reserved