Who is H&H
Ken and Julie Himmler give an insight into what drives them to do what they do.
What is a Fiduciary?
Today, titles of advisors in the financial field are confusing. From Financial Planner, Financial Advisor, Wealth Coach, Wealth Manager, and Investment Advisor, the consumer is now tasked with trying to find out who they are dealing with.
To make it even more confusing, you could be dealing with someone who works on both sides of the fence. It is legal for someone to be a broker and a fiduciary, the problem is when they don't tell you how they are representing you in each transaction. Many people selling annuities, life insurance or even that work for large brokerage firms sometimes act as your fiduciary and sometimes they act as a salesperson. Have you received a disclosure on each transaction? Have your received a disclosure for each recommendation? If not, then how do you know if they are always working in your best interest. Here is a quick video on how to understand what a TRUE FIDUCIARY is.
Know Who You Are Working With
Today, people want to work with a Fiduciary. Unfortunately, many call themselves Fiduciaries but are not. There are annuity and REIT salespeople that profess to be Fiduciaries. There are brokers and financial advisors that profess to be Fiduciaries.
Here is a quick way to check by asking the following questions:
(1) Check to see if they are registered with the SEC as a Fiduciary and read what conflicts of interest they have disclosed on their Form ADV Part II
(2) Have them sign a Fiduciary Agreement to be assured they are always acting in your best interest.
WARNING If they are not registered with the SEC then they are not a Fiduciary Investment Advisor
Follow these steps to check if you are really working with a Fiduciary Advisor:
Step 1)Visit SEC.GOV Click the link above, when you get to the site, click on FIRM
Step 2) Enter Name Of Firm
Step 3) Click on Part II Brochure