Operating As A Fee-Only Fiduciary Advisor Paid Only By Our Clients Since 1989
Fiduciary is a legal term defined by the Investment Advisers Act of 1940 and regulated by the SEC that simply means always acting in the best interest of our clients when we offer financial advice. Fee-Only means that we are only paid by our clients for our financial advice – we do not have a mortgage, insurance, banking, or accounting business. We also do not accept referral payments from CPA, attorneys, or insurance agents.
This is, in our opinion, the right way to operate – you know as a client that there is no hidden incentive behind any of our recommendations about your financial life. We believe in sitting on the same side of the table with you and operating in your best interest at all times.
How are some other financial firms different from HB? Banks and brokerages often have complex compensation systems that you may not fully understand where your advisor may be paid extra money to recommend certain funds or investments (or loans or insurance or other financial products). Even some of our fellow RIAs (registered investment advisers) claim to be fiduciary independent advisors but then happen to have an insurance business or accounting business or mortgage business that creates a conflict of interest that we feel is unnecessary.
Atlanta Financial Advisor Staying True To Fee-Only Fiduciary Model
Homrich Berg was founded in Atlanta as a Fee-Only fiduciary firm in 1989 and we have never changed our view – we believe in our approach, and our clients value the peace of mind that comes from knowing that our transparent client service model puts us on the same side of the table working together for their best interests.
Fee-Only Financial Planning and Investment Advice
Your HB financial advisor is acting as a fiduciary at all times, whether discussing investment management with you or digging into financial planning issues relevant for your family. We believe it is important for you to feel comfortable that we are not attempting to steer you to any type of related business when we have these wealth management conversations with you as a client.