How to Choose a Financial Advisor

What is an Accredited Investment Fiduciary®?
An Accredited Investment Fiduciary® (AIF®) is a financial professional who has completed specialized education and examination requirements focused on fiduciary principles and prudent investment practices. AIF® designees must also meet experience requirements and ongoing continuing-education requirements to maintain the designation.

What does AIF® stand for?
AIF® stands for Accredited Investment Fiduciary®. The professional designation focuses on knowledge and competency related to fiduciary responsibility and prudent investment practices.

Is an AIF® a fiduciary?
The AIF® designation demonstrates specialized education in fiduciary principles and practices, but a professional's legal fiduciary obligations can depend on the services being provided and the capacity in which the professional is acting. Investors should ask an advisor when they will be acting in a fiduciary capacity and what standard applies to their relationship.

What's the difference between a fiduciary and a financial advisor?
“Financial advisor” is a broad term that can describe professionals providing different types of financial services. A fiduciary is subject to fiduciary obligations when acting in a fiduciary capacity. Because financial professionals may operate in different capacities, investors should understand what services an advisor provides and what standards apply to those services.

How do I find a fiduciary financial advisor near me?
Start by researching an advisor's credentials, experience, services, registrations, and disciplinary history. Ask whether the advisor acts as a fiduciary, when that fiduciary obligation applies, how the advisor is compensated, and who will actually provide your advice. FINRA also recommends researching financial professionals through its BrokerCheck service. For individuals and families in Tucson and throughout Arizona, Modern Wealth Management provides comprehensive financial planning led by experienced financial professionals, including an AIF® designee.

What questions should I ask before hiring a financial advisor?
Ask about the advisor's experience, professional credentials, services, investment philosophy, compensation and fees, and how often you will communicate. You should also ask whether the advisor will act as a fiduciary, what services are included in the relationship, who will work directly with you, and how the advisor's approach fits your specific financial goals. FINRA similarly recommends understanding services, fees and the qualifications of the professional handling your account.

Does Modern Wealth Management have an Accredited Investment Fiduciary®?
Yes. Michelle Anthony, MS, CDFS®, AIF®, founder of Modern Wealth Management in Tucson, Arizona, holds the Accredited Investment Fiduciary® (AIF®) designation. Michelle has more than 26 years of experience in the financial industry and focuses on comprehensive, education-based financial planning for individuals and families.