What is a Fiduciary?
The word “Fiduciary” has been all over the internet and news and you may know what it even means. Essentially, a fiduciary is a person or organization that owes to another the duties of good faith and trust. It is the highest legal duty of one party to another, it also involves being bound ethically to act in the other’s best interests. A fiduciary might be responsible for general well-being, but often it involves finances – managing the assets of another person, or of a group of people, for example. Money managers, bankers, accountants, estate executors, board members, and corporate officers can all be considered fiduciaries.
If you decide that Beacon Light Planning is the right fit for you, Marilyn personally accepts a fiduciary duty and responsibility on behalf of her clients, which means that she is required to act in your best interest and to manage your assets for the benefit of you rather than for herself. Being an independent advisor means that she is not committed to meeting sales quotas. The only motive driving her business is her passion for helping others.