Fiduciary Services

Many of us have heard the term fiduciary, but have you ever stopped to think about its exact meaning? According to Investopia.com, a fiduciary is “a person legally appointed and authorized to hold assets in trust for another person. The fiduciary manages the assets for the benefit of the other person rather than for his or her own profit.”

Just what is fiduciary duty? Fiduciary comes from the Latin word “trust.” A fiduciary duty is the highest duty known to the law, and requires the fiduciary to act in the best of interest of the person to whom the duty is owed. The duty between a parent and child is a fiduciary one, as is the duty between lawyer and client, doctor and patient, and corporate officer and shareholder. It also applies with equal force to the relationship that the RJ Patterson Group has with its investment advisory clients.

Unlike doctors, lawyers, and investment advisers, stockbrokers are regulated as salespeople who do not owe a fiduciary duty to their customers. Investors typically make no distinction between stockbrokers and investment advisers, and most are unaware of the different legal standards that apply to their advice and recommendations. You may be harmed if you choose a stockbroker under a mistaken belief that the person is required to act in your best interest.

The Importance of Fiduciary Duties

In his show “Last Week Tonight with Jon Olivier: Retirement Plans,” Jon Oliver brought national awareness to the issues of fiduciary duty and conflicts interests in this satirical critique of the financial and retirement planning industry.

Understanding fiduciary duty is critical because it is at the core of being a good investment adviser. At the RJ Capital Group, we understand the meaning and incorporate this understanding into our daily business operations and decision making. The decisions we make every day are motivated and informed by doing what’s right by our clients and acting with the utmost good faith.

Ultimate Goals and Philosophy

Our ultimate goals and philosophy? As your trusted advisors, we’ll work to enhance your financial success and security. The RJ Patterson Group believes that successful wealth management is based on a training approach. We empower our clients by training them on fiscal fitness so you can approach the mountain of wealth management prepared for the long-haul.

Rather than looking at the road just ahead, we prefer the long-range view and take pride in establishing strong relationships with our clients. With such strong relationships, we promise to provide the highest level of comprehensive wealth advisory and fiduciary services so you can reach the peak of financial prosperity with more than just assets – with peace of mind and a solid state of happiness.

That’s exactly what we at RJ Patterson Group are here to do, emphasize the most important part of that definition: “benefit(ing) the other person rather than his or her (the fiduciary’s) own profit”. On the ascent to prosperity nothing is more important than an advisor watching out for obstacles and opportunities along the way.

“Benefit(ing) the other person rather than his or her (the fiduciary’s) own profit”