Fiduciary Standard of Care
Our duty to our clients
Skyline Advisors is a Registered Investment Advisor and has a Fiduciary Duty to our clients. This creates a special relationship of trust and confidence with our clients. We have an overarching duty to act in clients’ best interests, as well as the affirmative duties of care and loyalty. Investment Advisers must make full and fair disclosure of their conflicts of interest and ensure that their conflicts do not taint their advice. You can read the official definition here.
You would think that all financial professionals have a fiduciary duty all the time, but that is not the case at all. You can read more about that here.
By definition, “advice” is a recommendation to someone about a prudent course of action to improve their situation or achieve their goals, which is by its very nature is delivered by the advice-giver in the interests of the person receiving the advice. As a result, professionals from law to medicine to accounting to investment advisers have a long imposed “fiduciary” duty of professional advice-givers to provide advice in the best interests of the person receiving that advice.” 1
Financial advice + Financial Planning Services
Skyline Advisors provides financial advice integrated with financial planning services. Mark Wallace CFP®, Mark Logan CFP® and Deka Wiebusch CFP® are all CERTIFIED FINANCIAL PLANNER™ professionals and the CFP Board has their own definition of Fiduciary which states that when providing advice and planning, we must act as Fiduciary at all times. You can verify our status here.
And to further our commitment as Fiduciaries, Bill Unrein AIF®, Mark Wallace AIF® and Deka Wiebusch AIF® are all Accredited Investment Fiduciaries®! AIF® Designees have been certified specifically for their ability to follow a fiduciary process with their clients’ best interests at heart. You can verify our status here.
To summarize, Skyline Advisors has a Fiduciary Duty to our clients. Our company, our education and training, our compensation, our commitments to our clients, our personal integrity and the services we provide to our clients are all centered around this principle. We take it very seriously. You should too.
Why Choose a CFP® Professional?
Most people think all financial planners are “certified”, but this is not true. Anyone can use the title “financial planner”. Only those who have fulfilled the certification and renewal requirements of CFP Board can display the CFP® certification trademarks which represent a high level of competency, ethics and professionalism. And because they are held to a fiduciary standard of care, a CFP® professional is a required to act in your best interest. For more information about hiring a Certified Financial Planner™, see this guide.
FIDUCIARY ADVISORS ACTING IN YOUR BEST INTEREST
We follow the Fiduciary standard of care which is a legal standard that requires Skyline Advisors to put our clients’ interests first and foremost with undivided loyalty.
Citations
1Michael Kitces. 6/17/20. Fiduciary-At-All-Times.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.