{"id":12014,"date":"2021-11-26T10:25:36","date_gmt":"2021-11-26T16:25:36","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=12014"},"modified":"2021-11-26T10:25:37","modified_gmt":"2021-11-26T16:25:37","slug":"iowa-fiduciary-services","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/iowa-fiduciary-services","title":{"rendered":"Iowa Fiduciary Services"},"content":{"rendered":"\n

Looking for a Fiduciary in Iowa? Residents of Iowa have plenty of options when it comes to picking a financial advisor.<\/strong> But choosing the right specialist for your specific retirement goals isn’t as straightforward as it seems.<\/strong> Here’s what you need to know in your quest for the best fiduciary services in the Hawkeye state.<\/strong><\/p>\n\n\n\n

As Iowans, we tend to believe life is good. After all, we live in a state with safe communities, solid schools and an affordable lifestyle. But when it comes to managing our money, do we dream of a more financially stable future? If so, how do we achieve that dream? <\/p>\n\n\n\n

With the rule, financial advisors<\/a> fall into two camps: fiduciaries and non-fiduciaries, adding a new level of confusion \u2013 and risk \u2013 to the advisor-client relationship for many investors. A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. They typically take care of money or other assets for another person. A fiduciary is defined by the legal and ethical requirement to put your best interest before their own.<\/p>\n\n\n\n

Many services are the same for a fiduciary vs. a non-fiduciary, so what should you look for in a financial advisor relationship? Here’s what you should know when looking for a fiduciary in the state of Iowa.<\/p>\n\n\n\n

Fiduciary vs. Non-Fiduciaries<\/h4>\n\n\n\n

The biggest difference between fiduciary vs. non-fiduciary financial advisors is the standard they\u2019re held to when advising clients. As mentioned, a fiduciary is a person or legal entity, such as a financial firm, that has the power and responsibility of acting for another (usually called the beneficiary or principal) in situations requiring total trust, good faith and honesty.<\/p>\n\n\n\n

There are a few ways to quickly tell a fiduciary from a non-fiduciary financial advisor. Financial advisors who are fiduciaries will want to know your history, including your family, investment history, hopes and future dreams. A non-fiduciary could be more concerned with what they can sell you\u2014and probably less concerned with your particular situation or needs.<\/p>\n\n\n\n

Some ways to distinguish a fiduciary vs. non-fiduciary financial advisor include if your financial advisor is registered with the SEC <\/a>or state securities regulators, they are required to act as fiduciaries in at least some situations.<\/p>\n\n\n\n

Fiduciaries also typically have long-standing relationships with several trusted and vetted industry partners such as estate planning attorneys and insurance brokers, who share their approach to acting in their clients\u2019 best interests. A full-service Fiduciary<\/a> should help with:<\/p>\n\n\n\n