Some financial professionals such as financial brokers and agents aren’t bound by fiduciary duty. Instead, they’re only required to fulfill a suitability obligation. While fiduciaries must put their clients’ best interests before their own, financial professionals who adhere to the suitability rule must only provide suitable recommendations to their clients.
Suitability Rule vs. Fiduciary Duty
As Hayes Advisory Group, we are held to a strict fiduciary duty. This means we are required, by law, to act in the best interest of our clients at all times.
The fiduciary duty is the highest standard of accountability in the financial services industry. We benefit when you benefit, and our firm is committed to your priorities being our priorities.