Our Fiduciary Responsibilities
Kohlhepp Investment Advisors, Ltd. is a fee-based independent RIA registered with the SEC. As fiduciaries, our advisors owe the highest legal and ethical duty to our clients to act in their best interests. We manage our clients’ assets for their benefit, and we never profit personally from those investments. We are proud to be held to this standard.
Current, pending regulations by the U.S. Department of Labor are pressing for anyone who deals with investments or insurance to be held to a fiduciary standard. However, we currently are and have always been fiduciaries.
The fiduciary standard is a legal concept, but its core idea is not complicated. To act as a fiduciary means we professionals have to put aside our own financial interests, and also put aside the business/financial interests of any company we work for, and give recommendations that are solely and completely in the best interests of people like you, our clients.
In other words, our recommendations have to be made with only one concern: is this the best thing I (the professional) can do for you (the client), given what I know about who you are and what you want and need?
The CFP® designation comes with fiduciary responsibility: when you pass the exam and receive the designation, you have to put the interests of the client first. If you don’t, the CFP® title can be stripped from you.
In these uncertain times, it is good to know that your financial advisor abides by these principles. Being held to this legal and moral fiduciary standard sets us, Kohlhepp Investment Advisors, Ltd., apart from the other salespersons that hold themselves out as financial experts.
We are proud to commit to the following five fiduciary principles:
- We will always put our clients’ best interests first.
- We will act with prudence; that is, with the skill, care, diligence, and good judgment of a professional.
- We will not mislead clients, and will provide conspicuous, full and fair disclosure of all important facts.
- We will avoid conflicts of interest.
- We will fully disclose and fairly manage, in our clients’ favor, any unavoidable conflicts.
Sources: Inside Information & Marketinglibrary.net