What is a fiduciary, anyway?

fi·du·cia·ry: An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another’s benefit.


For HighTower advisors and clients, there exists the kind of relationship that our fiduciary agreement merely contractualizes. Yet, we think it’s important to be clear: the nature of the relationship between a HighTower advisor and a HighTower client is like the relationship between doctor and patient. A HighTower advisor is legally obligated to act in your best interest.
 
HighTower Advisors are free of those conflicts typically found in traditional brokerage firms. In fact, we are supported in ways that enable us to view the financial lives of our clients more completely, more effectively and without distraction.
 
Because we are a team of investment professionals at an independent financial advisory firm, we are under no obligation or pressure to sell or cross sell proprietary products. Our investment process is guided by multiple sources of independent research and comprehensive due diligence.
Our entire team is deeply committed to these values and standards, and we strive to achieve this type of relationship for years to come
 
There's great clarity in knowing that your advisor's #1 obligation is to you and to your best interests
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HighTower Whiteboard Animation: Brokers vs. Fiduciaries

HighTower Whiteboard Animation: Brokers vs. Fiduciaries

2:32
published on Mar 16, 2012
Investors are taking a hard look at the people managing their money. Elliot S. Weissbluth, the CEO of HighTower, has been a visionary on this issue for over a decade. In this whiteboard video, Elliot cleverly explains the difference between brokers and fiduciaries and sheds light on the issues surrounding the industry.