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What is a Fiduciary?

What is a Fiduciary?

March 05, 2024

The Certified Financial Planner Board of Standards defines a fiduciary as, “One who acts in utmost good faith, in a manner he or she reasonably believes to be in the best interest of the client.”

The root of fiduciary originates from the Latin word “fiducia,” meaning trust. The different uses of the word, such as “trustworthiness” and “trusting,” work closely together. Although differing in meaning, they are imperative to a fiduciary’s core business model. For clients to be trusting, a fiduciary in turn must be trustworthy. Lose one, and the relationships crumble.

We at Cobalt Unlimited operate under a fiduciary standard and view these moral pillars of honesty and trust as an unconditional responsibility. We understand that trust is a luxury. It is a luxury that we work hard to deserve and maintain with every phone call we make, every email we send, and any advice we give to you as our client. 

The following are examples of the different ways that we at Cobalt Unlimited follow a fiduciary standard:

  1. We always place your interests first.
  2. We always have a reasonable basis for investment advice.
  3. We make investment decisions consistent with your investment profile and, more importantly, your hopes and dreams.
  4. We treat everyone fairly.
  5. We are open and honest with you in all aspects.
  6. We are respectful of the confidentiality of your personal information.

Thank you for putting your trust in us over the years and we appreciate you allowing us the opportunity to continue acting as your financial fiduciary.