Joseph Alfonso, CFP®, ChFC®, EA, RICP®, Principal, Aegis Financial Advisory, Named ‘Best Practices Advisor’ By Institute for the Fiduciary Standard

Joseph Alfonso, CFP®, ChFC®, EA, RICP®, Fee-Only financial planner and principal of AEGIS FINANCIAL ADVISORY, LLC, (http://www.aegisadvisory.com) an RIA firm with offices in Lake Oswego, OR and Cupertino, CA, has been named a “Best Practices Advisor” by the Institute for the Fiduciary Standard (http://www.thefiduciaryinstitute.org), a nationally recognized authority on fiduciary duties and what the best advisors should do to serve client’s best interests. AEGIS FINANCIAL ADVISORY is one of 27 advisor firms that have subscribed to Best Practices: Professional Conduct Standards.

Knut A. Rostad, president of the Institute for the Fiduciary Standard, said in a statement:

“Best Practices Advisors, like other respected professionals, do more for their clients. They meet rigorous and concrete standards. They publicly and plainly demonstrate to investors and regulators what they do for clients. They demonstrate how fiduciary duties are translated into tasks and deeds that investors understand and value. They engage clients in ways that can build client trust. Ways which, they believe, build a foundation for deeper client-advisor relationships.”

Jane Bryant Quinn, personal finance writer and author underscores the importance of what fiduciaries must do: “Fiduciaries disclose all fees including the fees associated with investment recommendations. They should have few or no conflicts (for any unavoidable conflicts) they disclose it in full and explain what it means.”

Best Practices Advisors

Best Practices Advisors, in accordance with the Best Practices Affirmation Program, put the Best Practices on their website and language on their Form ADV stating they subscribe to the practices.

Members of the first class of Best Practices Advisors spoke out candidly about Best Practices and fiduciary.

In discussing…

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