We’ve compiled a list of questions, answers, and financial terminology we find helpful when starting your journey. If you don’t see your question on this list, let us know so we can do our best to answer it for you.
Fiduciary, when used as an adjective means: involving trust, especially with regard to the relationship between a trustee and a beneficiary. As a noun, a fiduciary is a trustee. In the financial world, a fiduciary is a person who acts on behalf of another person, or persons to manage assets. It also involves being bound ethically to act in the other’s best interests. A fiduciary might be responsible for general well-being, but often it involves finances. Money managers, financial advisers, bankers, accountants, executors, board members, and corporate officers can all be considered fiduciaries.
As Fee-only financial planners, we are are Registered Investment Advisors with a fiduciary responsibility to act in our clients’ best interest. We do not accept any fees or compensation based on product or service sales. This means our compensation comes from a fee-based structure which allows us to remain objective in the advice we provide you.
Read more about fee-only financial planning here.
A Registered Investment Advisor (RIA) is an advisor or firm engaged in the investment advisory business. RIA’s are registered with the Securities and Exchange Commission (SEC) or state securities authorities. RIAs have a fiduciary duty to their clients. This means means they have a fundamental obligation to provide suitable investment advice and always act in their clients’ best interests.
Regardless of where you are in your career, having the peace of mind you will have what you need to enjoy retirement is important. Our team of financial planning professionals can help you determine what you need to enjoy your retirement, the recommended way to save given your current financial resources, and help you map out your journey to financial independence. There is no “one-size-fits-all” solution to the retirement equation. We help you look at all the variables of your current and future financial situation to work through a solution that is right for you.
Since 1983 Morris Financial Concepts has operated out of the Charleston, South Carolina area, but we have clients all over the world. We value the personal relationships we create with our clients and are fortunate advancing technology allows us to personally connect with clients no matter where they are. Beyond technology, we are always happy to travel to you, whether you live locally or abroad. We welcome you to always pop by our Mount Pleasant location or contact us here.
CFP® certification is a voluntary certification granted in the United States by Certified Financial Planner Board of Standards, Inc. It is recognized in the United States and a number of other countries for its (1) high standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical requirements that govern professional engagements with clients. Individuals who become certified are required to complete continuing education.