In differentiating investment professionals, it is important for clients to determine to whom their advisor answers to. Is it their clients or their firm? Many financial organizations offer company owned products, such as mutual funds, annuities or managed money platforms. Often times, the advisor is paid more for selling those products or has bonuses based on the use of those products. This situation is commonly seen when advisors receive commission or transaction-based compensation. Undoubtedly, this is an inherent conflict of interest.
WSS Wealth Management is different. We are an independent, fee-only Registered Investment Advisor (RIA) firm. As an RIA, we have a fiduciary duty to act in our clients’ best interest. The fiduciary duty of care is generally considered the highest legal duty one party can have to another. We have no financial interest in recommending one investment or solution over another. This allows us the freedom and flexibility to create a plan that best suits the unique circumstances and objectives of each of our clients.
At WSS, we are focused on what is in our clients’ best interest, period. No sales. No commissions. Just unbiased financial advice.