What is a Fiduciary?

What is a Fiduciary?

Advisors, brokers, insurance agents, planners, can act as a Fiduciary to their client.  A Fiduciary is typically a registered investment advisor that is not a dual role advisor and is required to advise in the best interest of the client.  Otherwise, the advising professional is only required to maintain a suitability standard to their client, meaning the investments they choose must be suitable for your situation.  In the great recession of 2008-09 many investors were not served well by the suitability standard.

Registered Investment Advisor
  • Best Interest of the Client
  • Tend to act in expert role
Broker, Agent and others
  • Recommendations must be reasonable suited to client
  • Tend to act in sales role

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Pacific Capital Works, Inc. is registered as an investment adviser in Oregon and Texas. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. Pacific Capital Works, Inc. is not engaged in the practice of law or accounting.All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals, and economic conditions, may materially alter the performance of your portfolio. Past performance is not a guarantee of future success. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will either be suitable or profitable for a client's portfolio. Third-party recognition from rating services or publications does not guarantee future investment success. Working with a highly-rated adviser does not ensure that a client or prospective client will experience a higher level of performance or results. © 2022, All rights reserved.