Fee-Only/Fiduciary Wealth Management
Timberchase Financial’s Fiduciary Duty
At Timberchase Financial, we are committed to providing transparent, unbiased, and client-centered financial advice. As a fiduciary wealth management firm, we prioritize your best interests and a relationship built on trust and objectivity.
We act on your behalf. As a fee-only wealth management firm, we create a pristine relationship with you that minimizes conflicts of interest and is not influenced by any financial product provider.
What is a Fiduciary?
A fiduciary is one who acts solely in the best interest of another. As your fiduciary advisor, we are legally obligated to prioritize your financial well-being above all else. Timberchase Financial’s commitment to fiduciary responsibility means:
Informed Recommendations: Our recommendations are based on a full review of your accounts, objectives, and circumstances, empowering you to make informed choices about your financial future.
Fee Transparency: As fiduciary advisors, we are required to be up front about the fees we charge.
Avoidance of Conflicts of Interest: Fiduciary advisors must disclose any instances in which they have a conflict of interest. For example, we cannot recommend products that result in higher commissions or fees for ourselves.
Ethical Conduct: We adhere to the highest standards of professionalism as required by the Certified Financial Planner Board of Standards, the AICPA, and the Securities and Exchange Commission.
Confidentiality and Privacy: We maintain strict confidentiality and protect your personal information with the utmost care and discretion.
Comprehensive Expertise: Our team of qualified professionals possesses the knowledge and experience to address the complexities of your financial life.
What is Fee-Only?
Fee-only means that an advisor is compensated solely by the client with neither the advisor nor any related party receiving compensation contingent on the purchase or sale of a financial product. In the industry, it is common for this term to be confused with “fee-based,” which means fee and commission. We believe that advisors will be loyal to their source of compensation.
We commit to you that we will not take any compensation from any other source, which allows us to be loyal only to you and not to any provider of financial products. If your attorney, accountant, or physician are paid by someone other than you, you might question the advice you are receiving. The same concept exists in the financial advice industry. We are loyal to our clients because they pay us, and no one else does.
Financial advisors can be compensated in many ways. Traditionally, advisors have been paid mostly by commission, and as the industry has evolved, it has become more difficult for consumers to understand what they are paying and who the customer is.
While financial regulations have increased, the industry has not become more transparent. In addition, anyone can call him/herself a “financial advisor” or “wealth manager,” even if he or she is paid to sell products on behalf of a financial institution or insurance company. As a consumer, you may find it difficult to know what you are paying and why a solution is being recommended to you.
Our fee-only approach means that 100% of our revenue comes from client fees, with no commissions, trails, loads, referral fees, or other compensation that could influence the advice we provide. Our fee-only structure offers several key benefits:
Unbiased Advice: By reducing conflicts of interest, we focus solely on your financial objectives so that our guidance aligns with your best interests.
Transparent Pricing: Our fee structure is clear and straightforward, allowing you to understand the exact cost of our services without hidden charges or surprises.
Customized Solutions: Without the pressure to sell products or meet sales quotas, we can focus on developing tailored financial plans that address your unique needs and goals.
Managing Your Wealth with Timberchase Financial
By choosing Timberchase Financial as your fee-only, fiduciary wealth management firm, you can trust that our recommendations and strategies are rooted in your best interests. We are dedicated to helping you navigate your financial journey with confidence and transparency, empowering you to achieve your financial goals and secure your future.
Allow us to demonstrate the benefits of a fee-only, fiduciary partnership for your wealth management needs. Together, we can build a strong foundation for your financial success.
We believe real wealth management is a complete approach to addressing your entire financial life, defined as the sum of investment consulting, advanced planning, and relationship management. If you would like to start a conversation about how our CERTIFIED FINANCIAL PLANNER™ professionals may be able to help with your financial plan, please contact us.