West Loop Financial LLC‘Fiduci-what?’ Most clients don’t know what the fiduciary duty really means – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 ‘Fiduci-what?’ Most clients don’t know what the fiduciary duty really means https://www.westloopfinancial.com/2016/05/02/fiduci-what-most-clients-dont-know-what-the-fiduciary-duty-really-means/ https://www.westloopfinancial.com/2016/05/02/fiduci-what-most-clients-dont-know-what-the-fiduciary-duty-really-means/#respond Mon, 02 May 2016 09:00:53 +0000 http://evolvemypractice.com/?p=2739 Earlier in my career, I switched firms. The change meant I left a position where I couldn’t legally call myself a fiduciary. But at the new firm, I was required to be one. I was super excited. Finally, I could tell my clients just how great it would be for me to act as a...

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]]> Earlier in my career, I switched firms. The change meant I left a position where I couldn’t legally call myself a fiduciary. But at the new firm, I was required to be one. I was super excited. Finally, I could tell my clients just how great it would be for me to act as a fiduciary.Boy, was I wildly disappointed.The discussion went something like this. “Guess what? I’m now legally required to put your interests first.” The silence was deafening. But when I dug down, I discovered my clients already expected me to provide advice that put them first. So, yeah, good for me that I was a fiduciary…

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