Tackett Wealth Management adheres to an “independent, fee-only, Registered Investment Advisor” business model, which is often regarded as the most ethical type available to affluent investors seeking prudent investment advice. Contrary to the typical bank or brokerage model, we keep our interests aligned with yours. Here’s how:
Advisor-Custodian Separation: Rather than receiving your advice from the same institution that holds your money, as in a bank or brokerage model, we remain separate from and unaffiliated with your custodian. In other words, we don’t hold your assets. Instead, a major, third-party custodian does. This independent relationship provides checks and balances to our clients, immediately eliminates many major conflicts of interest, and dramatically reduces any potential of fraud.
Fiduciary Responsibility: We have a legal obligation to always act in your best interest.
No Commissions or Proprietary Products: No investment products are permitted to pay us commissions or any other form of compensation; and since we have no proprietary products, we have removed all incentives to buy inappropriate investments. By eliminating advisor commissions and proprietary investments, we remove the industry’s ever-present incentives to sell the highest commission products and/or to churn investments. We embrace the importance of acting ethically and buying the most appropriate investments for you.