What is a Fiduciary and What Should you Expect?

In this age of ultra-competitive, make a buck at any price advisers, we have lost our focus upon what a good “fiduciary” should be providing to their real estate, mortgage, estate, insurance and other types of recommendations. What is it that you should expect from your broker or salesman when they sell you that insurance policy, annuity, or mortgage?

Well, it depends upon the type of the relationship, but here is an interesting article that provides a “stop gap” or screening device for consumers to ask their money managers, their attorneys, their mortgage brokers, here in New York and all over the country.

The Bottom Line– you should expect that the person selling you products has your best interest in mind (not their profits).