Schultz Financial Management is a fee-only investment adviser, based in Orange, CA.
What Does "Fee-Only" Mean?
A fee-only arrangement means that a financial adviser's sole source of income is derived from their clients.
Often, financial advisers, financial planners, and wealth managers receive commissions or kickbacks from financial companies in exchange for directing clients to their products. These arrangements create inherent conflicts of interest, as the financial interests of the investment adviser may be at odds with their fiduciary duty to their clients.
Fiduciary duty refers to an investment manager’s mandate to act solely in the best interests of their clients. Registered investment advisory (RIA) firms, such as Schultz Financial Management, have such a duty.
Unfortunately, financial advisors aligned with banks, insurance companies, and broker-dealers are often exempt from fiduciary duty. Because they are, first and foremost, employees of their company, they are obligated to act in the company’s best interests – even if they conflict with what’s best for their clients.
The RIA Advantage
As a registered investment advisory (RIA) firm, Schultz Financial Management is a fiduciary and therefore legally required to act in our client’s best interest which includes full disclosure of compensation and any potential conflicts of interest.
Because we are independent, Schultz Financial Management uses multiple investment custodians and brokerages, which enables us to be more cost effective and flexible in the investment solutions we can bring to our clients.
Want to learn more about how we manage portfolios and the value-added services we provide our clients? Contact us, or complete the form above and download our FREE Report.