What is a fiduciary, and is Motley Fool Wealth Management a fiduciary?

Fiduciary: Defined

A fiduciary is someone who manages money or property for someone else. When you’re named a fiduciary and accept the role, you must—by law—manage the person’s money and property for their benefit, not yours.¹ 

Not all professionals that offer financial advice are fiduciaries. 

While many broker-dealers offer advisory services similar to those offered by investment advisors and may even use the title of "Financial or Wealth Advisor" for their registered representatives, they are not subject to the same legal standards as registered investment advisors (RIAs).

Broker-dealers must meet a suitability standard, whereas RIAs have a fiduciary duty. The fiduciary duty affords investors more protections than the suitability standard, including, as mentioned above, acting in clients' best interests. More specifically, fiduciaries must appropriately manage clients’ money and fully disclose any conflicts of interest that could bias their recommendations.

Is Motley Fool Wealth Management a fiduciary?

Yes, Motley Fool Wealth Management is a fiduciary. We’re committed to a fiduciary standard as an RIA regulated by the U.S. Securities and Exchange Commission (SEC). That means it’s our legal and ethical responsibility to put your interests first. Always. This is a commitment we take seriously, and it’s just the tip of the iceberg when it comes to the measures we take to be good stewards of the hard-earned money you’ve entrusted to our care. 

¹https://www.consumerfinance.gov/ask-cfpb/what-is-a-fiduciary-en-1769/