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DESMO Wealth Advisors, LLC

We are a fee-only financial advisor in Austin TX. We offer financial planning and investment management services to individuals and families who uphold traditional values, and are passionate about travels, the outdoors, and giving back to their community. Our plan is tailored specifically for YOU, your value, your goals, and your life aspirations. We will work with you step by step until you reach your goal. Think of us as your personal financial fitness coach. Your first consultation is free.

Fee Only Financial Planner Austin

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Everything We Need to Know About Financial Advisor

Choosing the right financial advisor in Austin can be an important decision for anyone to make. There are many aspects that need to be taken into consideration, and it's not always easy to know what is or isn't a good fit for you. This article will provide all of the information you'll need in order to find the best match for your needs, so read on!

Financial advisors can provide a number of services to you that include: planning, wealth management and estate planning.

One of the most important things for anyone looking for financial advice is knowing what type of service they need in order to achieve their goals. This will help them define if a fee-only or commission-based advisor is right for them.

The process of determining the right financial advisor for you can be a lengthy one, and it's important to make sure that they understand your needs. It is also wise to ensure that this person has experience in dealing with people like yourself or an industry connection who does.

Make sure that the financial planner you choose is trustworthy and has a license in good standing. There are many people out there who claim to be professional advisors, but don't have any certifications or designations to back up their claims. * Last of all it's important not to try choosing an advisor based on cost alone. While this should definitely be considered, it should not be the primary focus of your decision.

Remember that choosing a financial advisor is an important step in creating wealth and building assets for you and your family to help ensure economic security. It's never been more crucial than now to find someone who can provide all these services at once so take your time with this choice!

Considering current situations and client needs, DESMO Wealth Advisors, LLC provides with some of the best certified financial planner in Austin.

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What Is a Fiduciary Financial Advisor?

A Fiduciary Financial Advisor is someone who has the responsibility to act in the best interests of their clients at all times. Fiduciaries are obligated by law to serve their client's needs with loyalty and honesty, without any conflicting interest. Fiduciaries must always act in accordance with this fiduciary duty or face legal consequences. It's important that you know what a Fiduciary Financial Advisor is before working with one so you can make an informed decision about your financial future!

Here's what you should know about fiduciary financial advisors:

What is a fiduciary?

Examples of fiduciary-client relationships.

Is there a difference between a fiduciary and a financial advisor?

The fiduciary duty is the highest standard of care.

Fiduciary standard vs. suitability standard.

What is a fiduciary?

Fiduciary is someone who has the responsibility to act in the best interests of their clients at all times. The most common example of a fiduciary is a trustee of a trust, but Fiduciaries can be attorneys, accountants and other professionals. Corporate officers are fiduciaries for their shareholders, as are attorneys and real estate agents for their clients. Some, but not all, financial advisors are fiduciaries.

Examples of fiduciary-client relationships?

Fiduciaries include investment advisers, retirement plan sponsors and brokers. Fiduciary status cannot be assumed because it depends on how a firm structures its relationship with a client.

These are some common examples of fiduciary relationships:

Fiduciary financial advisor-client

Trustee-beneficiary

Corporate officer-shareholder

Attorney-client

Real estate agent-client

Is there a difference between a fiduciary and a financial advisor?

Fiduciaries are held to a higher standard of care than other service providers, such as brokers or insurance agents. Fiduciary duty is the highest legal obligation an individual can have, requiring them to always act in their client's best interests. A financial advisor is a job description, which can include fiduciary and nonfiduciary advisors. A fiduciary is any professional who is upheld to a fiduciary standard – meaning the person must act in your best interest – and can include financial advisors, attorneys, guardians and other professionals.

The fiduciary duty is the highest standard of care.

Fiduciaries are required to act as "prudent experts" on behalf of their clients, while brokers only need show that the investments they sell have met certain minimum requirements under industry rules - known as suitability standards

Fiduciary standard vs. suitability standard.

Fiduciary standard requires Fiduciaries to avoid conflicts that could result in harm or exploitation of clients. Suitability Standard allows Firms and Fiduciaries more leeway in their investment choices because it only require them to show that investments are suitable for a client, without regard to other factors such as cost and complexity.

When it comes to Fiduciary Financial Advisor in Austin, DESMO Wealth Advisors, LLC stands out with their work ethics and a previous history of client satisfaction. Book a consultation today to protect your investment in the best way possible.