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Processes
We are focused on maintaining protocols which are designed to protect the integrity of our fiduciary advisory mission, according to the Standards of Conduct of the Certified Financial Planner Board of Standards. FourthPoint sells only advice in regard to investments and financial planning. Peter Foley also holds insurance brokerage licenses in some states and is permitted to engage in the sale of certain life and long term care policies as a sole proprietor in a fiduciary capacity.
Before providing any conclusions or recommendations, we always get to know each client's situation adequately so that we can provide the best possible choices and solutions. We work to develop an Investment Policy Statement for each client. This customized statement guides our relationship so that we might not sway from our long term goals and that we may appropriately balance risks with the opportunity for reward as we journey toward a common goal.
Insights: The Fiduciary Difference
As a Registered Investment Advisory firm, we are bound to a fiduciary standard of care for our clients in all that we do.
This means that similar to attorneys and CPAs, we must disclose any material conflict of interests, provide cost transparency, and maintain a prudent level of diligence as to the financial well-being of our clients. Our clients might notice a contrast between us and bank or brokerage firms when it comes to investment strategies and concepts, risk considerations, mutual fund selections, and in the uses of packaged products such as commissioned annuities and other investment vehicles such as unit investment trusts and limited partnerships. It might also be possible for investors to save on investing costs by utilizing a fiduciary advisory source, because we have found that too many investors are unaware of the total cost picture in their investing relationships. We are not a dual-registered firm.
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