Putting your best interests first. Always.
If you are in the process of hiring a high-net-worth financial advisor, it can be beneficial to hire an advisor from a wealth management firm that follows the fiduciary standard.
What does being a fiduciary mean? By definition, a “fiduciary” is any person or entity that has a legal responsibility to act in good faith for a beneficiary. In the field of finance, this translates to an advisor or wealth management firm that has the fiduciary duty, or legal obligation, to act in your (the client’s) best interest when it comes to financial planning and investment management.
Avidian Wealth Solutions is a Texas-based wealth management firm that is held to the fiduciary standard of care, meaning that when you partner with us, you can trust that you are getting thoughtful advice for your unique financial situation.
Billion in client assets under management *
*AUM based on AWS current FORM ADVFinancial professionals
Years of success
What is the difference between a fiduciary and suitability standard? There is a key difference between a financial advisor vs. fiduciary financial advisor – the standard of care. Those who follow the fiduciary standard of care — like the fiduciaries at Avidian — are legally required to make decisions and suggestions that are in the client’s best interest only — disregarding what may benefit the advisor themselves or the firm overall. This includes:
In previous years, non-fiduciaries — also known as broker-dealers — were only held to what is called the suitability standard. The suitability standard only required these broker-dealers to practice fair dealing and best execution, meaning the advisor could act in his/her own best interests as long as the recommendations made were considered suitable for you. Under the suitability standard, broker-dealers were not legally obligated to put your best interest before theirs.
In 2020, a new standard of care for broker-dealers was passed called the “Regulation Best Interest” (or Reg BI) in order to put the client’s interests before theirs — however, this standard is still not legally binding, meaning there is no guarantee that your needs will be met solely before theirs will. This is why working with a fiduciary wealth management firm, such as Avidian Wealth Solutions, is so important.
Our team is comprised of highly credentialed, specialized, and experienced wealth management professionals who work together to handle multiple aspects of your financial life, including asset management, debt management, risk management, taxation, wealth transfer, and more.
CFPs
CFAs
MBAs
JDs
CHFC
PhD
Unlike other types of brokers, fiduciaries are legally obligated to make decisions that serve your best interests and provide you with the highest standard of care: the fiduciary standard. By partnering with the multi-disciplinary team of fiduciary advisors at Avidian Wealth Solutions, you can have peace of mind knowing that our fiduciary financial advisors will do whatever they can to suit your needs as it is their fiduciary duty to you.
For example, if you are an affluent individual who needs financial guidance in areas such as high-net-worth wealth management or high-net-worth retirement, our fiduciary financial advisors are able to work with you to develop a wealth management plan designed to help protect your financial future. We consider various aspects of your financial circumstances, helping you feel more secure.
The fiduciaries at Avidian offer customized services such as fiduciary investment management, tax strategy, estate planning, and more to meet your goals with advice made to benefit you and you only. As fiduciaries, we focus on long-term goals with a more conservative approach, which translates to efficient and effective planning advice tailored to serve you best in both the short and long run.
When it comes to financial planning, transparency is arguably one of the most important traits in an advisor-client relationship. You are putting your trust and your finances into the hands of a stranger, making the need for transparency all the more important, especially in regard to compensation and transactions.
As fee-based fiduciary wealth managers, we are legally obligated to disclose potential conflicts of interest and may only make transactions that align with your needs, goals, and risk tolerance. With Avidian as your fiduciary partner, you can trust that you are putting your financial needs into hands that are only concerned about how decisions compare to your total financial plans and risk tolerance.
Curious about where you stand today? Schedule a meeting with our team and put your portfolio to the test.*
