January 18, 2024
"Fiduciary” is a legal term that describes the duties that one party owes to another in a business relationship. A fiduciary duty is the highest duty of care in the law and has been a standard element of trust practice for decades. There are many elements to fiduciary duties, but perhaps the most important is the duty of loyalty, to put the interests of the client ahead of one’s own interests.
A “corporate fiduciary” is a business entity, such as ours, that has been granted permission by the state to act in a fiduciary capacity. CB&T Wealth Management & Trust acts as a fiduciary to put the interest of your family first and wisely invest your assets to benefit your next generation. We can serve as trustee and can settle estates. In this capacity, we are subject to a wide range of audit controls and government regulatory supervision. More and more financial advisors have voluntarily moved to abide by this standard.
We are compensated for our services with a fee that varies with the size of the account under management. We do not earn more based upon the transactions that we generate or the type of service that we recommend. Our interests are, therefore, always aligned with the interests of our clients. We prosper when they do. When we act as trustee, our investment decisions must be responsive to the needs of both current and future beneficiaries. This is not an ordinary perspective to have for portfolio management. Our approach cannot be risk free, but it does tend to be risk averse.
Trust our financial advisors as your corporate trustee who will provide unbiased decision making and financial expertise you need to establish a trust for your family. For more information, call us today at 254-753-1521 or explore our Wealth Management & Trust services below!