{"id":6760,"date":"2025-01-20T16:45:38","date_gmt":"2025-01-20T16:45:38","guid":{"rendered":"https:\/\/www.blueleaf.com\/blog\/15-essential-steps-to-meeting-your-fiduciary-duty\/"},"modified":"2025-01-20T16:45:40","modified_gmt":"2025-01-20T16:45:40","slug":"15-essential-steps-to-meeting-your-fiduciary-duty","status":"publish","type":"post","link":"https:\/\/www.blueleaf.com\/blog\/15-essential-steps-to-meeting-your-fiduciary-duty\/","title":{"rendered":"15 Essential Steps to Meeting Your Fiduciary Duty"},"content":{"rendered":"

Fiduciary responsibilities are integral to your\u00a0work as\u00a0a financial advisor.<\/p>\n

It\u2019s your job to not only act with a high fiduciary standard of care, but it\u2019s also your job to communicate this with your clients.<\/strong><\/p>\n

Your clients, both current and prospective, have grown increasingly anxious about the state of their savings and investments. Most advisors feel overwhelmed by the complexity of the fiduciary standards and wonder how to maintain best practices as their business grows.<\/p>\n

Below is a quick checklist\u00a0of the 15 fiduciary best practices you need to know as a financial advisor. You can also get a full walk-through of how to tackle each step here<\/a>.<\/p>\n

\"Fiduciary-Checklist-by-Blueleaf\"<\/p>\n

15 things to focus on… easy, right?!<\/p>\n

If you want a detailed explanation for each of the 15 steps<\/strong>\u00a0(as well as free advice and guidance from a fiduciary expert) just grab this Fiduciary Guide<\/a>.<\/p>\n

Below is an example of what’s inside.<\/p>\n

\n

 <\/p>\n

Excerpt from the Fiduciary Guide<\/a> download:<\/strong><\/em><\/p>\n

#9. Identify Investment Selection and Monitoring Criteria <\/strong><\/p>\n

Consistent with the IPS, the advisor should apply a consistent and dependable investment selection and monitoring process.<\/p>\n

A.) Apply Quantitative Analysis
\n\u2022 Identify a recognized benchmark index to be used over a full market cycle (e.g. a minimum of 5 years) and an\u00a0appropriately defined peer group of investment managers, with superior 5 year standard deviation (volatility of\u00a0returns)
\n\u2022 Identify consistency of investment approach and appropriateness of investments in light of investment objective\u00a0and IPS constraints, including liquidity needs
\n\u2022 Verify fair and reasonable investment management expenses<\/p>\n

B.) Apply Qualitative Analysis
\n\u2022 Verify stability and culture of the organization
\n\u2022 Determine that there are no pending or continuing regulatory issues or litigation that may affect investment\u00a0performance
\n\u2022 Verify the timeliness, accuracy, and content of investment reports deemed to be necessary to evaluate the\u00a0manager\u2019s performance and responsiveness of the manager to requests for information from the client
\n\u2022 Look for superior portfolio construction and risk management discipline, where appropriate.<\/p>\n

Blueleaf.com\u00a0<\/strong>helps financial advisors automate transparent client engagement and reporting, effectively maintaining the highest level of your fiduciary standard of care.<\/span> Curious? Take a video tour.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Fiduciary responsibilities are integral to your\u00a0work as\u00a0a financial advisor. It\u2019s your job to not only act with a high fiduciary standard of care, but it\u2019s also your job to communicate this with your clients. Your clients, both current and prospective, have grown increasingly anxious about the state of their savings and investments. Most advisors feel…<\/p>\n","protected":false},"author":2,"featured_media":6762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[22],"tags":[75],"class_list":["post-6760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ideas","tag-fears-concerns"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/posts\/6760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/comments?post=6760"}],"version-history":[{"count":0,"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/posts\/6760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/media\/6762"}],"wp:attachment":[{"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/media?parent=6760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/categories?post=6760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blueleaf.com\/wp-json\/wp\/v2\/tags?post=6760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}