Financial Opinion and Insights

Some Fiduciary Links You Might Like

Jim Lorenzen, CFP®

Jim Lorenzen, CFP®

This post will be short.  Since first writing about the fiduciary vs. suitability issue last August, several people have asked me more about this – some may have even wondered if I made it up(!); so, I thought I’d provide a little more insight on this issue which has been covered by MSN,  PBS, and Forbes, among many others both inside and outside the financial industry.

The issue is being addressed by the Department of Labor now and the outcome could change how IRA advice is given in the future.   

For investors who often choose advisors on subjective criteria, it’s important to understand these distinctions and the differences they might entail.  A reading of the linked articles above might offer some help in that department.


Jim Lorenzen is a Certified Financial Planner™  now in his 19th year of private practice as Founding Principal of The Independent Financial Group, a fee-only registered investment advisor with clients located in New York, Florida, and California.   IFG does not sell products, earn commissions, or accept any third-party compensation or incentives of any description.  Nothing contained herein should be regarded as tax or legal advice and the reader is urged to seek competent counsel to address those issues.   The above represents the author’s opinion and should not be regarded as investment advice which is provided only to IFG clients upon completion of a formal financial and investment plan.   For questions or comments, you can reach Jim at 805.265.5416 or through the IFG website.