What makes a fiduciary?
What makes a fiduciary?
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.
Who is the richest financial advisor?
License The Logo Rank Firm Executive 1 Chevy Chase Trust Company Peter Welber, President & CEO 2 Hightower Advisors, LLC Elliot Weissbluth, Founder & CEO 3 Creative Planning Peter Mallouk, President 4 Oxford Financial Group, LTD Jeffrey Thomasson, CEO 16 more rows
Does Ameriprise offer brokerage?
Ameriprise Financial clients can benefit from a full range of financial products and services designed to meet your needs. If you choose to implement your financial plan with Ameriprise Financial, any brokerage account and custodial fees are charged based on the products and services you purchase.
Who are Ameriprise competitors?
Ameriprise Financial’s top competitors include Fidelity National Financial, Lincoln Financial, Prudential Financial and Thrivent. Ameriprise Financial is a financial company that provides various financial products and services to individual and institutional clients.
What are asset based fees?
Asset based fees are charged against the assets in the plan; in other words, out of employee account balances. They are quoted as a percentage paid per year, such as 1.50%. For every $100 in a 401k account, 1.50% turns into $1.50 of expenses. Asset based fees are important.
