As a Registered Investment Adviser, IFA is required by law to act as a fiduciary and only make investment recommendations that are in the best interest of our clients. This is the highest standard of care required and exceeds the less stringent suitability standard followed by non-RIA financial services firms. Fiduciaries are required to act with undivided loyalty to their clients. They are required to disclose how they get paid and reveal any corresponding conflicts of interest. The Committee for the Fiduciary Standard states the five principles of fiduciary standard, as follows:
- Put the client's best interest first
- Act with prudence; that is, with the skill, care, diligence and good judgment of a professional
- Do not mislead clients; provide conspicuous, full and fair disclosure of all important facts
- Avoid conflicts of interest
- Fully disclose and fairly manage, in the client's favor, unavoidable conflicts
All investors should ensure they have an independent financial team to reduce conflicts of interest, including an independent Registered Investment Adviser, an independent
Estate Planning Attorney, an independent CPA, and an independent Insurance Advisor.
See our SEC public disclosures here.
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Retirement Plan Services
For employer-sponsored retirement plans, Index Fund Advisors (IFA) acts as a 3(38) investment manager, which mandates that we act in a fiduciary capacity as required by the Employee Retirement Income Security Act (ERISA).
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Working with a
It should go without saying that the financial services industry should be built on a foundation of trust. Entrusting someone else with your precious resources is a big decision and one that needs to be taken with the utmost care and diligence.