“A fiduciary is held to something stricter than the morals of the marketplace. Not honesty alone, but the punctilio of an honor the most sensitive, is then the standard of behavior.”
– Justice Cardozo, Meinhard v. Salmon
In an age of information overload and more investing options than ever before, investors must be able to rely on thorough, unbiased advice from their financial professionals, especially in regard to investment advice.
While there are many financial services professionals and titles, only Investment Advisers are legally held to the fiduciary standard. Gamble Jones has been a fiduciary and Registered Investment Adviser (RIA) since our doors opened nearly 65 years ago.
So, before someone with whom you work hires an investment professional, please strive to understand their standard of care and incentives by asking two questions: “Are they a fiduciary?” and “How are they compensated?”
Their answers may be enlightening.
Please give us a call if you have any questions