Who pays your Financial Advisor?

Why you should care and what you need to know.


You might be thinking that it doesn’t matter who pays your financial advisor. We feel strongly that it does. In fact, understanding the source of your advisor’s income is one of the most important things to know when selecting a financial advisor. Here’s why.

Your advantage in choosing a financial fiduciary as your advisor.

At Lenox, we are financial fiduciaries –– which means our priority is always to put our clients’ interests first.

Legal Definition of fiduciary relationship *

A relationship in which one party places special trust, confidence, and reliance in and is influenced by another who has a fiduciary duty to act for the benefit of the    party — called also confidential relationshipfiduciary relation

Lenox is paid a fee based on the account value, and as such, the advisors at Lenox strive to access, and bring forth, what we believe to be the finest of products and opportunities from a wide range of offerings for the benefit of each client.

Fiduciaries make decisions based solely on each client’s success.  Incentivized by neither products nor special promotions, they are beholden to no one but you (their client) and what’s best for you, your family, your financial goals and success.

At Lenox, we believe our clients are never unsure as to where our interests align. Our revenues mirror your accounts.  If your accounts increase, so do our revenues. If your balances decrease, our revenue also decreases.  We have every reason in the world to work very hard for your financial success. 

We believe an independent business model brings an independent opinion. We believe you can trust us never to stray from our Fiduciary Relationship with you.

*Definition of fiduciary relationship from Meriam-Webster Online Dictionary

If you’re ready to discuss financial planning that will allow you to Fund a Life You Love®, we’d love to tell you more.  Let’s talk.  It’s your tomorrow.

Call us for a complimentary 1-hour review.  Call 513.618.7080 or visit Contact Us to Fund a Life You Love.


Past Performance is not indicative of future results.

 

This blog is limited to the dissemination of general information pertaining to its investment advisory/management services. This is not intended to be personalized investment advice. Please contact a Lenox adviser if you would like additional information.