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Differentiating Between Brokers and Fiduciaries

Do you know that Brokers (called registered representatives by SEC) are not held to a fiduciary level of care, whereas Registered Investment Advisors like O’Reilly Wealth Advisors are fiduciaries?

Please review the January 14, 2007 article Financial advice better from a fiduciary than a broker by Lynn O’Shaughnessy of the San Diego Union-Tribune for more information about this important topic, or contact O’Reilly Wealth Advisors.

Delegating to fiduciary investing experts is very important. We take it even further. We think fiduciary advice should make sure that all elements of your finances are in order and working in harmony at all times. Let’s say that your portfolio is growing well long term – what if mistakes elsewhere cause you to access your portfolio prematurely, which means your quest to financial dependence will have be delayed several years? That would be a travesty, yet it happens all the time.

Our goal is to give you the greatest probability of achieving your financial goals for the reasons that are important to you. The keys to making that happen are thoroughness, an outstanding collaborative team and a advisor directing the team that has the courage to hold clients accountable for executing the strategy. Most advisors are uncomfortable holding their clients accountable. Our clients, however, are results-driven, successful people that know that a strategy unexecuted will not provide the desired results. We understand that you cannot implement our advice all at one time or sometimes even at the pace that we would prefer. “Rome wasn’t built in a day.” We help you stay focused and over time cover great distances, one step at a time.

To learn more about how to better direct your personal financial strategy, sign up for our monthly personal finance E-Newsletter. Each newsletter provides tips in bite-size chunks that you can implement right away – with or without us.

O’Reilly Wealth Advisors also provides 401(k) plans teaming up with Advisor Access and providing both the ERISA Section 3(21) and Section 3(38) fiduciary duty in writing. Our 401(k) plans operate at or near the highest level of fiduciary care possible today. Keep on top of the latest on 401(k) fiduciary topics by signing up for our quarterly 401(k) E-Newsletter.

Read why Lynn O’Shaughnessy of San Diego Union-Tribune would only use a financial advisor that uses DFA Funds and also why she recommends searching for a certified fiduciary in her article Some pitfalls of searching for a financial planner.