This week we decided to forgo our normal blog post for vlog post. Yes, vlog is actually a word meaning, “video-blog.”
The topic this week: Fiduciary vs. Suitability Standard.
Thrive Wealth was founded on the principles of being a fiduciary to our clients. Meaning, we owe our clients 2 main duties:
Duty of Loyalty: Obligated to act solely in your best interest
Duty of Care: Prescribes we perform our duties with a high level of competence & thoroughness
In fact, this approach is self-imposed as our preferred way of working with you. Like it or not, there is no law requiring all “advisors” to act with duties of loyalty or care for their clients. Go figure.
At the very least, we hope this serves as a reminder of the way we approach EVERYTHING we do.
Please click here to watch a short video.