+1-864-235-6408       info@norrisfinancialgroup.com

What is a Fiduciary?

The fiduciary standard in question requires that a Registered Investment Advisor conduct business in a prescribed manner and to prescribed standards. It is a form of business practice that requires complete transparency and disclosure. It also requires that the advisor avoid conflict of interest and in all efforts place the client’s interest before their own. It means that advisors can not instruct their clients to purchase certain securities because it provides higher levels of compensation to them. It means advisors can not accept indirect non-disclosed payments or compensation from third parties. It means advisors define their business practice in writing; say what you do and do what you say.

In addition to the fiduciary standards, a Registered Investment Advisor is subject to separate and possibly additional regulatory oversight.  Brokers may not want the added complexity and legal risk. To be a Registered Investment Advisor means you willingly accept the responsibility of being held to a higher standard of due diligence and transparent investing.

Investors should understand that working with an advisor that is a fiduciary does not guarantee that they will experience greater investment performance or reduced losses as compared to working with an advisor that is not acting as a fiduciary.

© 2022 Norris Financial Group. All rights reserved. 


To learn more about the professional history of our financial advisor(s), please visit FINRA and SIPC
View our ADV here. View our CRS here.



The views expressed are not necessarily the opinion of Royal Alliance Associates, Inc., and should not be construed directly or indirectly, as an offer to buy or sell any securities mentioned herein. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future results. Please note that individual situations can vary. Therefore, the information presented here should only be relied upon when coordinated with individual professional advice.

Securities offered through Royal Alliance Associates, Inc., member FINRA/SIPC. Investment advisory services offered through Norris Financial Group, LLC, a Registered Investment Advisor unaffiliated with Royal Alliance Associates.

The Royal Alliance Associates, Inc., Registered Representative(s) associated with this site may only discuss and/or transact securities business with residents of the following states (registrations vary by individual representative): AL, AR, AZ, CA, CO, FL, GA, LA, MS, NC, OH, PA, SC, TN, TX, VA, VT, WV

PLEASE NOTE: When you link to any of the websites/hyperlinks displayed within this website, you are leaving this website and assume total responsibility and risk for your use of the website you are linking to. We make no representation as to the completeness or accuracy of any information provided at these websites.