Financial advisors in the vast majority of cases strive to deliver a fiduciary standard of care to clients, and the shift toward independent advisories is a manifestation of that desire, said Sheryl Garrett, president of the Garrett Planning Network. Advisors leaving large wirehouses to form their own companies or to join small regional wealth management companies, want to uphold their belief in doing what's best for their client and living by the fiduciary standard.
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