CRS Additional Information -Conflicts

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Jim Lorenzen, CFP®, AIF® When I act as your investment advisor, I have to act in your best interest and not put my interest ahead of yours.  At the same time, the fact is conflicts are unavoidable, no matter how much we like to pretend they don’t exist. The way I make money – the way anyone makes money – creates some conflicts with your interests.  All compensation forms contain some inherent conflict:

My financial planning services are under a flat-fee arrangement, quoted in advance and investment advisory services are based on a percentage of account value.   See my compensation structure at indfin.com/CRS/fees.

I routinely offer a written Fiduciary Oath to my clients.  You should ask any advisor you are considering if they’re willing to sign a fiduciary oath pledging to act in your best interest.    

Research any firm you are considering.  Go to FINRA’s Broker Check  site to check any firm you’re considering.  Just type the name into the second box to see if there are any regulatory histories.

Note: I am not a broker; I am a Registered Investment Advisor (RIA). Unfortunately, by lumping broker and RIA regulatory information onto a single website still labeled “broker check”, it’s just one more example of why many investors don’t understand the difference. Who can blame them?

Interested in becoming an IFG client?  Why play phone tag?  Schedule your 15-minute introductory phone call!

Jim Lorenzen, CFP®, AIF®

Jim Lorenzen is a CERTIFIED FINANCIAL PLANNER® professional and An Accredited Investment Fiduciary® in his 21st year of private practice as Founding Principal of The Independent Financial Group, a fee-based registered investment advisor with clients located in New York, Florida, and California. He is also licensed for insurance as an independent agent under California license 0C00742.  IFG helps specializes in crafting wealth design strategies around life goals by using a proven planning process coupled with a cost-conscious objective and non-conflicted risk management philosophy.

Opinions expressed are those of the author.  The Independent Financial Group does not provide legal or tax advice and nothing contained herein should be construed as securities or investment advice, nor an opinion regarding the appropriateness of any investment to the individual reader. The general information provided should not be acted upon without obtaining specific legal, tax, and investment advice from an appropriate licensed professional.

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Jim's picture
Jim Lorenzen is a CERTIFIED FINANCIAL PLANNER® professional and An Accredited Investment Fiduciary® in his 21st year of private practice as Founding Principal of The Independent Financial Group, a fee-based registered investment advisor with clients located in New York, Florida, and California. He is also licensed for insurance as an independent agent under California license 0C00742.

Schedule Your 20-Minute
“Right Fit” Introductory Call Now!