The concept of fiduciary duty has deep historical roots and a formal regulatory foundation, with the U.S. Department of Labor first introducing related rules in the 1970s to ensure financial professionals act in the best interests of retirement investors. Today, fiduciary advisors are bound by principles of care and loyalty, meaning they must prioritize clients’ needs and avoid conflicts of interest. Credentials like the Certified Financial Planner (CFP) designation signal this commitment, and many Americans place high trust in such professionals. Research shows that people working with fiduciary advisors often feel more financially secure and better prepared for retirement. What truly sets fiduciary advisors apart is their legal and ethical obligation to focus entirely on their clients’ financial well-being, offering more than just guidance—they build long-term, trust-based relationships centered on shared goals. Want more information on working with a fiduciary advisor at XML? Contact us.
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