What Is Fiduciary Financial Planning?
Fiduciary financial planning means working with an advisor who is legally and ethically required to act in your best interest at all times. This is the highest standard of care in the financial services industry.
The Fiduciary Duty
A fiduciary advisor must:
- Always act in your best interest
- Disclose all conflicts of interest
- Provide complete and accurate information
- Avoid self-dealing or transactions that benefit the advisor at your expense
This is in contrast to the "suitability" standard, which only requires that recommendations be suitable for you — not necessarily optimal.
Why Fiduciary Planning Matters for FERS Employees
Federal employees face complex retirement planning decisions that can significantly impact their lifetime income. The decisions you make about your retirement date, TSP strategy, Social Security claiming age, and survivor benefits are largely irreversible.
Working with a fiduciary advisor ensures that the guidance you receive is truly designed to maximize your retirement income — not to generate commissions for your advisor.
The Spivak Financial Group's Fiduciary Commitment
The Spivak Financial Group operates as a fiduciary advisor for all of our clients. We are compensated through transparent fees, not commissions, and we always put our clients' interests first.
Contact us for a free consultation to learn how fiduciary FERS retirement planning can help you achieve a more secure retirement.