What To Expect When You Hire a Fiduciary Consultant

What To Expect When You Hire a Fiduciary Consultant
Written By
Carl E. Sera, CMT
Published On
April 21, 2023

What To Expect When You Hire a Fiduciary Consultant

Fiduciary consultants are individuals or organizations with the legal duty to act in the client’s best interest. They create a trustworthy bond with a client while avoiding conflicts of interest. Fiduciary financial advisors must recommend investments and other financial planning that fits their client’s needs.

The person or entity required to act as a fiduciary holds responsibilities assigned to them or holds specific roles within their line of profession. They’re necessary for their high level of trust, such as trustees owning fiduciary duties to beneficiaries or board members with specific fiduciary duties to their companies. Here’s what you should expect when hiring a fiduciary consultant.

Questions To Ask Your Fiduciary

When hiring a fiduciary consultant, you should prepare questions to guide you in the right direction regarding your financial goals. Some questions you should ask include the following:

  • Where and how much money should I invest?
  • When and how much money do I need?
  • How much should I invest for short and long-term goals?
  • Can I afford retirement?
  • What is my existing net worth?

It’s best to inquire about the consultant’s profession, how they’ll work alongside you, the services they can provide, their investment philosophy, and their investment performance tracking. You don’t want to hire a fiduciary consultant on a whim.

Benefits of Fiduciary Consultants

Some benefits to expect when hiring a fiduciary consultant include full disclosure by being compliant with the rules and regulations of their governing body. They can give you access to any information that’s relevant to your investments.

Fiduciary consultants can help you increase your saving potential. They’ll prepare you for retirement by maximizing your savings through accountability, behavioral coaching, and a personalized financial strategy. Your consultant will also free up additional funds and put them toward your savings.

Finding the Right Fiduciary

When choosing a fiduciary consultant, do your research and consider your options. You’ll want to find a consultant who understands your financial situation and lifestyle. Furthermore, their personality and style should align with your interests; how they seem like on paper may not reflect them in person.

If you’re looking for a professional fiduciary consultant, we can help. Our experienced, fee-only fiduciary consultants at Sera Capital can guide you in the right direction with your highly appreciated assets for better savings and retirement goals. Schedule a 30-minute call with us today if you have any questions.

Sera Capital is a wealth management consulting firm specializing in all aspects and all available tax-efficient exit options for business owners, real estate investors, and developers. Our team works with you and your advisors to examine all available solutions, including 1031 Exchanges, Delaware Statutory Trusts, 721 UPREITS, Opportunity Zone Funds, and Section 453 Installment Sales, including Deferred Sales Trusts and Structured Installment Sales. We have two mottos. The first is “We help landlords and business owners exit tax efficiently,” and our second is “When you want out, call us in.” 

If you want to explore your options, make a no-obligation appointment with us today. Discover the possibilities.     

Carl E. Sera, CMT

Carl E. Sera, CMT

Managing Principal, Sera Capital
Carl Sera is a Chartered Market Technician and the Managing Principal at Sera Capital Management, LLC. He has over 14 years of experience in the financial services industry with a focus on investment management.

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