Fee-only registered investment advisors have a fiduciary responsibility to act in their clients' best interest and thus do not accept any commissions or kick-backs from sales of certain products. Fee-only advisors have fewer inherent conflicts of interest, and they generally provide more comprehensive advice.
Family Dynasty Advisors uses the fee-based model as a means of aligning our interests with those of our clients.
Within the financial advisor industry there are two standards of client care. The most common is the “suitability” standard, which requires that advisors' recommendations only needs to be “suitable” to clients’ needs.
At Family Dynasty Advisors, we adhere to the far more rigorous “fiduciary standard." As fiduciaries, we are always required to act in our clients’ best interests. Our advice must be free of any conflict-of-interest and should a potential conflict arise, we must notify clients immediately and fully explain the conflict.