285 West 80th Place Merrillville, IN 46410 219-769-6110 zakservice@fscadvisor.com Client Login Home About Us Resources Tools Contact Us Is Your Financial Advisor a Fiduciary? There’s a lot riding on the choices you make regarding your Retirement and Financial future. You work with a Financial Advisor because you appreciate the value of experience, knowledge, and trust. Indeed, your Financial Advisor is positioned to help you every step of the way as you map out a strategy designed to address your unique situation. But, is your Advisor a Fiduciary? What is a Fiduciary? A fiduciary manages another party’s assets and has a legal and ethical obligation to put the other party’s interests first. For a Financial Advisor, that means helping a client make decisions in his or her best interest, even if it means reduced compensation-or no compensation- for the Advisor. Here’s the very important part…. NOT all Financial Advisors are held to this Fiduciary standard. On June 9, 2017, the Federal Government implemented the DOL (Department of Labor) Fiduciary Rule. This rule requires Financial Advisors who provide advice regarding retirement plans (IRA plans) covered under ERISA (Employee Retirement Income Security Act of 1974) to act as a Fiduciary, meaning they must put their client’s needs first. As the law currently stands, insurance sales people, brokers and advisors can offer investments under the “suitability standard”. This standard only requires that an investment is suitable for the client at the time of the investment. With this new Fiduciary Rule, Advisors are held accountable to a higher standard of care and must document their investment process, investment monitoring and management, and provide transparency with costs and fees. Here’s the good news for you - We have always been a Fiduciary. Marijo Dluzak has been a CFP®, Certified Financial Planner™ PROFESSIONAL since 1986. At Dluzak & Associates Inc. one of our core values has always been Clients First. Being a Fiduciary is an ethical and legal obligation standard that our firm has always practiced. Working with an impartial financial professional to create and implement your Retirement and Investment plan can be the difference between achieving your Financial objectives and falling short of your goals. Make sure your Financial Advisor is a Fiduciary. If you don’t know - simply ask them! Is your Financial Advisor a Certified Financial Planner, CFP? If you don’t know, simply ask them! It seems like common sense, but understand the cost and fees on your accounts. Know what you are paying for. Know what your schedule of planning services provides you. A good Financial Advisor will provide you with a personalized plan, with a prudent investment process, a schedule of Financial Planning services and have many years of experience with economic cycles and market volatility. It is in your best interest, to know if your current Financial Advisor is a Fiduciary. Feel free to contact us should you have any questions. Have a Question? Name Email Phone Question Contact Toll-Free: 1-888-755-7526 Office: 219-769-6110 Fax: 219-769-6135 285 West 80th Place Merrillville, IN 46410 Marijo Dluzak, CLU, CFP zakservice@fscadvisor.com Quick Links Retirement Investment Estate Insurance Tax Money Lifestyle All Articles All Videos All Calculators All Presentations Check the background of your financial professional on FINRA's BrokerCheck. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. Copyright 2021 FMG Suite. Securities and advisory services offered through FSC Securities Corporation, member FINRA/SIPC. Insurance services offered through Marijo Dluzak is independent of with FSC Securities Corporation. Dluzak & Associates, Inc. is a marketing name. 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