At Northbank Partners, we believe it is our responsibility to educate investors about the fiduciary standard and the benefits independent advisors provide.
An investment fiduciary is defined as a person who has the legal and/or implied moral responsibility to manage the assets of another person. Essentially, they are a person or organization that owes to another the duties of good faith and trust. Financial advisors are held to the fiduciary standard, which means they are bound ethically to act in the other's best interests.
Organize - Formalize - Implement - Monitor
When working with us in an Advisory capacity, we are held to the fiduciary standard and a prudent process is followed from the first conversations and throughout our relationship:
- Organize - Understanding your needs and wishes as a client, as well as where you currently stand.
- Formalize - Transforming details such as time horizon, risk tolerance, and investment experience into an actionable Investment Policy Statement and forward-looking plan.
- Implement - Putting investments and strategies into place after a thorough evaluation and due diligence process.
- Monitor - Ongoing review of both an individual's plan and the investments that support that plan. We believe this is, by far, the most important and potentially rewarding step in the process.
We are investment fiduciaries, stewards of our clients' money, entrusted to do what's in their best interest.