We are independent, fee-only advisors. We work for you and are compensated only by you. We do not receive commissions or incentives for the investment advice we provide. We are free of conflicts of interest allowing us to recommend the best strategies to preserve and grow your wealth.
As a Registered Investment Advisor, we are bound to a fiduciary standard that was established by the Investment Advisors Act of 1940. We are regulated by the SEC which hold advisors to a standard that requires us to put our client's interests above our own. In fact, all principals and employees of Steward are required to own the same underlying investments that we recommend for clients.
Most financial advisors are actually salespeople who are paid commissions by their firms or a third party on the investment products and services they sell. This creates a conflict of interest as you cannot be certain if the financial strategy they recommend is to best fit your needs or to offer them a profitable commission from product sales. These “brokers” are not required to provide services to their clients under the fiduciary standard of care. Instead, they provide services under the “suitability standard of care,” which generally requires the broker only reasonably belief that any recommendation is suitable for the client. It is important to recognize that a financial recommendation that is “suitable” for a client may or may not be a financial recommendation that is in the client’s best interest.
If your advisor receives income from anyone other than yourself, he does not work for you and his recommendations will reflect this.