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The Difference Between Fiduciary and Non-Fiduciary Advisors

The Difference Between Fiduciary and Non-Fiduciary Advisors

Fiduciary advisors are legally obligated to act in their clients’ best interests, offering unbiased advice and transparent fees. Non-fiduciary advisors, however, adhere to a suitability standard, recommending products that fit clients’ needs but may have higher fees or conflicts of interest. Understanding these differences is crucial for informed financial decisions.

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