Fiduciary Financial Planner in Colorado Springs
The term fiduciary financial planner refers to a person or organization that is both legally and ethically bound to act in the best interest of the client. As investment advisor representatives (IARs) the fiduciary duty is present whenever our advisors are providing financial advice.
Dodds Wealth is a privately owned financial planning firm in Colorado Springs that is dedicated to helping each of our clients pursue their financial goals by delivering fiduciary advice.
The experienced specialists on our tight-knit financial team strive to consistently deliver highly personalized wealth management strategies while always adhering to all-important fiduciary standard. Every fiduciary financial advisor at Dodds Wealth is a veteran investment professional who exercises considerable care with respect to helping each client build their financial future.
What is Fiduciary Advice?
Advisors who have successfully obtained the CFP designation strive to hold themselves to the CFP Board’s Revised Code of Ethics which specify that we have the following fiduciary duties to our clients:
Duty of Loyalty – Must respond to the Client with loyalty and devotion. Must act to benefit the Client and must place the Client’s needs above all others. Under a conflict of interest, must continue to act in the best interest of the Client without regard to the interests of others.
Duty of Care – Must act with the care, skill, prudence, and diligence of a prudent professional, accounting for Client’s goals, risk tolerance, objectives, financial and personal circumstances.
Duty to Follow Client Instructions – Must comply with the terms of the Engagement and all reasonable and lawful Client requests. Must advise the Client if the professional believes any action or transaction the Client wants to take would not be in the Client’s best interest.
Clients of a fiduciary financial planner should expect their advisor to act with total transparency and disclose any conflicts of interest.
The Benefits of Choosing a Qualified Fiduciary Financial Planner
It is crucial to understand that not all people who provide financial advice are beholden to a fiduciary duty. Entrusting your wealth to a fiduciary financial planner at Dodds Wealth has the following advantages:
Clear Discussion of Compensation
The fiduciary financial advisor at Dodds Wealth in Colorado Springs who manages your personal wealth portfolio will always communicate clearly how they are compensated for their services. We are a fee-based firm with most of our revenue coming from AUM fees (assets under management). Our AUM fees for advisory accounts are never higher than an annual fee of 1%.
Disclosures & transparency
It would be an understatement to say that we at Dodds Wealth take our legal obligations as licensed investment advisor representatives seriously. An essential aspect of what we do as fiduciary financial planners is to always be fully transparent with respect to all investment information that is available to us and disclose any potential conflicts of interest.
Investment Flexibility
Growing your hard-earned money should never be done according to a strict formula. At Dodds Wealth, we understand that major life events can and should necessitate a reassessment of the direction in which your investment portfolio is going. Our experienced financial planners excel at modifying client investments in response to changing life circumstances, be it the arrival of a child, a new career path, or an early retirement. The advisors at Dodds Wealth are dedicated to helping you confidently navigate all of life’s curveballs while supporting your financial goals.
Contact a Fiduciary Financial Planner in Colorado Springs
Tackling your financial goals is a far easier and more enjoyable undertaking when you do so in partnership with a knowledge financial advisor. The specialist at Dodds Wealth are trusted fiduciaries who can help you build your desired financial future. From wealth and investment management to cash flow analysis, estate planning, and insurance coverage review, Dodds Wealth proudly offers a full complement of asset management services that are utilized by discerning clients.
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¹ A fiduciary financial advisor has a fiduciary duty to their clients when they enter into an advisory relationship. When offering brokerage account types, the representative has a general obligation to act in the best interest of the client.