Monmouth County Fiduciary Financial Advisor One of the first questions you should ask when hiring a financial advisor is, “Are you a fiduciary?”Few people know what a fiduciary is and why it is so important to find an advisor who accepts fiduciary responsibility.fi*du*ci*ar*y - A financial advisor held to a fiduciary standard occupies a position of special trust and confidence when working with a client. As a fiduciary, the financial advisor (by law) is required to act with undivided loyalty to the client. This includes disclosure of how the financial advisor is to be compensated and any corresponding conflicts of interest.Ambre Financial and Eric Leibowitz is a fiduciary financial advisor serving Colts Neck New Jersey and Monmouth County.We strive to always put our client’s interests first. A fiduciary’s first allegiance must be to the client.This differs from a broker, whose allegiance is to the brokerage company first, and his customers second. Brokers currently operate under a suitability standard of care rather than a fiduciary one, which means the investments they recommend don’t necessarily have to be the best they can offer, only one among many that are suitable based on your income, assets, stage of life, risk tolerance, and other factors. If the broker is recommending products that his employer is promoting, this can create a conflict of interest.By choosing a fiduciary, you know that the advisor is primarily thinking about your best interests, rather than how he can increase his income or that of the broker/dealer with whom he is affiliated.