Trending...
- Chef José Andrés' Zaytinya Concept Arrives to The South Beach Culinary Scene
- Third Annual TOPSoccer Festival Community Event
- AONE Music Unveils a Groundbreaking, All-Inclusive Experience in Miami's Wynwood District
Other advisory firms respond to economic downturns by cutting back on client interactions and perks. We've decided to do the OPPOSITE and double down on providing excellent, thorough, service to all our clients.
NAPLES, Fla. - Floridant -- Stewart Wealth Advisors Regional Vice President Daniel Stewart says he is fed up with financial advisors and insurance agents who keep lowering the bar when it comes to client service.
"A lot of agents and advisors I've met are all about cost-cutting and "efficiency." Of course, in these times, all business owners must be leaner and more resilient. But, that doesn't mean that your good clients and prospects have to pay the price in terms of lowered expectations and poor service," says Stewart. "I don't believe advisors who aren't exceptionally thoughtful and focused when it comes to client interactions will last long in the next few years," says Stewart.
Stewart believes that at a time when financial services are increasingly AI-delivered and often impersonal, pre-retirees and retirees need assurances that their human advisors are watching over their wealth with honesty and trustworthiness; always acting in their best interests.
More on The Floridant
For this reason, Daniel Stewart says, he pursued the education and professional development necessary to act as a fiduciary advisor.
"A fiduciary is more than a marketing term. It refers to someone who has the power to act for another person in situations requiring absolute trust. Ethically and legally, fiduciaries must be 100% transparent with their clients and put the needs of the client above their own financial gain," explains Stewart.
Stewart says that fiduciaries are required to avoid potential conflicts of interest. They may not use a client's assets for their personal benefit without client consent. If any conflicts of interest do occur, a fiduciary must disclose it to their clients..
"In accordance with the requirements of my fiduciary certification, I must perform all of client-related tasks with the highest degree of morals and ethics," he explains. "Working with an advisor who is bound to the fiduciary standard, gives seniors confidence that the wealth advice you receive for yourself and your finances is as accurate as possible. When choosing a fiduciary over other types of advisors or agents, you gain the power to ask questions and to demand the highest value for the service."
More on The Floridant
Stewart says it is easy for him to understand why many Americans hesitate to work with a retirement income planner. "Many retirees have wonder about the true motivations of some advisors who seem to be focused primarily on selling products that make them more commission. I want my clients and prospective clients to know they can trust that that our relationship is built on honesty and integrity."
https://www.safemoneytrends.com/5-reasons-a-robo-advisor-may-not-be-right-for-you/
"A lot of agents and advisors I've met are all about cost-cutting and "efficiency." Of course, in these times, all business owners must be leaner and more resilient. But, that doesn't mean that your good clients and prospects have to pay the price in terms of lowered expectations and poor service," says Stewart. "I don't believe advisors who aren't exceptionally thoughtful and focused when it comes to client interactions will last long in the next few years," says Stewart.
Stewart believes that at a time when financial services are increasingly AI-delivered and often impersonal, pre-retirees and retirees need assurances that their human advisors are watching over their wealth with honesty and trustworthiness; always acting in their best interests.
More on The Floridant
- NORWEGIAN CRUISE LINE'S ALL-NEW NORWEGIAN VIVA COMPLETES HER EXCLUSIVE CHRISTENING VOYAGE FOLLOWING A STAR-STUDDED EVENT IN MIAMI
- Meals on Wheels South Florida Celebrates 21st Annual Holiday Gift Box Program
- Horizon Foundation, Horizon Council and Lee County EDO set to host 2024 Annual Meeting on Feb. 1
- DigitalBridge to Participate in Upcoming Investor and Industry Conferences in December 2023
- Lawmato relaunches its virtual consultation app with enhanced features
For this reason, Daniel Stewart says, he pursued the education and professional development necessary to act as a fiduciary advisor.
"A fiduciary is more than a marketing term. It refers to someone who has the power to act for another person in situations requiring absolute trust. Ethically and legally, fiduciaries must be 100% transparent with their clients and put the needs of the client above their own financial gain," explains Stewart.
Stewart says that fiduciaries are required to avoid potential conflicts of interest. They may not use a client's assets for their personal benefit without client consent. If any conflicts of interest do occur, a fiduciary must disclose it to their clients..
"In accordance with the requirements of my fiduciary certification, I must perform all of client-related tasks with the highest degree of morals and ethics," he explains. "Working with an advisor who is bound to the fiduciary standard, gives seniors confidence that the wealth advice you receive for yourself and your finances is as accurate as possible. When choosing a fiduciary over other types of advisors or agents, you gain the power to ask questions and to demand the highest value for the service."
More on The Floridant
- MiBOXER Is Exhibiting At Hong Kong International Autumn Lighting Fair
- Beck Properties Group, eXp Realty Expands Service in Southeast Indiana
- Stonely Unleashes Innovative Platform for Homeowners: Design and Order Kitchen Countertops Online with Ease!
- Savour Coffee brews up excitement with grand opening celebration
- One Million Pages Read in the First Year !!
Stewart says it is easy for him to understand why many Americans hesitate to work with a retirement income planner. "Many retirees have wonder about the true motivations of some advisors who seem to be focused primarily on selling products that make them more commission. I want my clients and prospective clients to know they can trust that that our relationship is built on honesty and integrity."
https://www.safemoneytrends.com/5-reasons-a-robo-advisor-may-not-be-right-for-you/
Source: Safe Money Trends.Com
Filed Under: Financial
0 Comments
Latest on The Floridant
- NexGen Hotels Acquires Best Western Plus in Venice, Florida
- Laser Photonics Corporation Provides Strategic and Operational Updates
- SalonInteractive Launches in Square App Marketplace to Provide eCommerce, Marketing & More to Beauty Professionals
- RacquetX Announces Miami Open Experience as Excitement Builds for Landmark 2024 Event
- Mounts Botanical Garden Announces Major Additions to Leadership Team
- Coral Springs Center for the Arts to Present Lucinda Williams & Her Band, February 3
- Why You Should Secure A Realtor BEFORE Visiting Other New Construction Locations
- Sarah Smith completes Certificate for OASIS Specialist-Clinical exam
- Florida: Governor Ron DeSantis Appoints Five to the Government Efficiency Task Force
- Pet Professional Guild Appoints Tom Candy to Its Steering Committee
- Dominating Business Intelligence: Informer Tops the BI & Analytics Survey for the Fourth Time
- Pro Athletes Financial: Empowering Prosperity for Athletes
- How do Latin Americans Make Their Payments? Mastercard Reveals the Preferences Behind the Payment Methods of Choice in Latin America and the Caribbean
- Chef José Andrés' Zaytinya Concept Arrives to The South Beach Culinary Scene
- Evara Health Foundation receives a substantial gift of $7.5M from MacKenzie Scott
- Robert Goltz named new president and CEO of the Greater Fort Myers Chamber of Commerce
- Advcash adds instant Pix payments in Brazil
- Floris United Methodist Church announces first-ever mission trip for people with disabilities
- Carbonell Awards Add Four New Judges
- Female Led Social Media Agency Celebrates Hitting Seven Figure Revenue