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Fiduciary Responsibility

Financial advisors typically have one of two responsibilities to their clients:  a fiduciary standard or a suitability standard.

  • A fiduciary standard requires that an advisor expose all conflicts of interest and act only in your best interest.
  • A suitability standard only requires that an advisor offer you products suitable to your needs, regardless of whether or not they are in your best interest.

At Lake Life Wealth Advisory Group, we are fiduciaries and always act in your best interest.