Personal Investments • Fiduciary advisors vs not - how important do you think it is

I hear the term “fiduciary” used a lot, very loosely, in a lot of different contexts. And by some salespeople who seem to use it to convince me that they have my best interests. Like an Edward Jones guy that came through the neighborhood recently. But I still don’t know what it really means, and perhaps more importantly, what it actually accomplishes. Can anyone enlighten me?

It means they don't receive a commission or kickback that would create a direct conflict of interest.

Statistics: Posted by Hot Sauce — Fri Aug 30, 2024 8:18 pm — Replies 49 — Views 4614