The world of money management is a jungle, so it only makes sense that you would build an ecosystem of advisors to ensure your financial and investment planning stays on track. A professional fiduciary is a key player in this arrangement and can support you in everything from day-to-day money management to acting as your attorney-in-fact.
Professional Fiduciaries Work Well with Other Financial Professionals
When you hire a professional fiduciary to handle your day-to-day financial tasks, you not only relieve yourself of the anxiety of paying bills, overseeing cashflow, organizing tax documents, monitoring accounts, and much more, but you also empower other professionals on your team to do their job to the best of their ability. A professional fiduciary liaises with your tax preparer, CPA, estate lawyer, insurance agent, Certified Senior Advisor, and so on to ensure everyone has exactly the information they need to assess your risk tolerance, make sound decisions on your behalf, and meet your long-term goals.
A Professional Fiduciary Avoids Conflicts of Interest
Naming a professional fiduciary as your attorney-in-fact (i.e. Power of Attorney agent), estate executor, or trustee also eliminates any conflict of interest that may come from naming a financial planner/investment advisor to one of these roles. Legislation, regulations, or professional codes of ethics may restrict the services your CPA, investment advisor, or CFP® may provide, yet this is no reason to forego the benefits of enlisting a financial professional to the aforementioned roles.
Planning is More Efficient When You Work With A Professional Fiduciary
A financial planner or investment advisor can only do their job if you provide them with needed information. Unfortunately, doing this is not always straightforward, and sometimes it’s downright vexing. A professional fiduciary solves this by knowing exactly when to provide the other members of your team with timely, informative updates—not only related to changes in your financial position, but to your personal position, too.
A Professional Fiduciary Gives You Back Your Time
Nobody relishes tax planning. Nobody wants to wade through the challenge of updating their records or planning after a significant life event. Nobody looks forward to paying bills. And nobody has to if they work with a professional fiduciary.
A professional fiduciary gives you back your time, so that you can live your life with the security of knowing your finances are protected and on track.
To learn more or to get started on working with a professional fiduciary today, do not hesitate to schedule a consultation at Santa Barbara Fiduciary.
Contact Santa Barbara Fiduciary
Santa Barbara Fiduciary can help you and your family navigate successor fiduciary appointment decisions, and ensure the diligent implementation of your or your loved one’s estate plan. Contact us today to learn more about our services, and how we can help you and your loved ones navigate life transitions.
