Our Fiduciary Responsiblity

As an independent firm, we aren’t tied to any proprietary products and we don’t have any conflicts of interest. Instead, we have the freedom to offer services and solutions we believe align with our clients’ needs. Additionally, we serve in a fiduciary capacity, putting our clients’ needs first at all times. 

Many people may not realize what it means to be a fiduciary. In the simplest of terms, a fiduciary acts solely in another party’s interests. Fiduciaries must comply to high standards, providing disclosures to clients, avoiding conflicts of interest, making unbiased investment recommendations, and disclosing all sources and amounts of compensation. The goal of this is to protect the client. For these reasons and more, being a fiduciary comes with a high level of legal and ethical responsibility. Fiduciaries must be trusted to manage another person’s or entity’s assets and make appropriate decisions as needed. 

At NWK Group, we take our fiduciary duties seriously. Several of our team members hold the Accredited Investment Fiduciary^® (AIF^®) designation, which signifies a thorough knowledge of fiduciary responsibility. As fiduciaries, we have the ability to implement policies and procedures that meet a defined standard of care for institutional retirement plans. By acting as a fiduciary, we can manage some of the liability of a company’s retirement plan and thereby mitigate some of the employer’s risk. While many business owners and employers worry about the exposed risk of sponsoring a 401(k) or 403(b) plan, working with a fiduciary may help reduce some of the risk, as well as the time and knowledge needed to manage a retirement package. 

As fiduciaries, we are dedicated to upholding our requirements and only providing advice and strategies that align with our clients’ best interests.