Happy Fiduciary Day

GWM is Prepared for the New Rule!


You may or may not have heard in the news of the new Department of Labor Rule taking place today June 9th, 2017.  In short, the DOL created a rule announcing tha all advisors who give investment advice must be Fiduciaries.  A fiduciary, by definition, is someone who is “one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care, candor, and loyalty in fulfilling the obligation.”

This means that an advisor giving financial advice must act in the best interest of his or her clients.  Here at Granite Wealth Management, we are excited about this new rule because it now solidifies our core principals.  As an independent financial advisor, we take pride in being able to offer objective advice that is in the best interests of our clients. The most important step in this process is to have a deep understanding of our client’s goals, experiences, and risk tolerance.   Our clients can feel confident knowing their advisor team has been taking a proactive approach to ensure we act in our clients best interest.  Our investment due diligence, our internal processes, and our objective advice are all designed to support our clients best interest.

The GWM is excited and prepared for this new rule.  If you would like to hear more, please contact the office and we will be glad to share our process with you.

Contact: Kyle Crawford at (209) 846-0744, or email kyle@granitewealthllc.com