Petrovic Financial Services is a Fee-Only Fiduciary Firm

What does this mean to you?


Fiduciary: \fi-dü-shē-er-ē\ noun, adjOne who is legally and ethically bound to act for another’s benefit. In the client/advisor relationship, a fiduciary must place the client’s interests first.

Reliable, conflict-free advice is what you usually want when you hire a skilled pro to help build and manage your financial portfolio. But there's no guarantee you'll get it. Some investment advisers, motivated by commissions, bonuses, or other financial incentive, steer clients into products that aren't in the best interests, resulting in some $17 billion in lost retirement savings per year, according to a 2017 report by the White House's Council of Economic Advisers.

The 'fiduciary standard', that we stringently adhere to, requires us to put our clients' interest first, generally meaning to disclose and avoid any conflicts of interest. As a “fee-only” Registered Investment Adviser (RIA), we have a fiduciary duty — a legal and ethical responsibility — to act in your best interest. Our firm's compensation is based only on a percentage of our client's 'assets under management' (AUM). We never accept any commission for products or services we recommend. As a “fee-only” Registered Investment Adviser (RIA), we strive to enact and successfully maintain your financial portfolio. The CFP® certification (we have three CFP® professionals on staff) is even broader than the RIA, applying to all aspects of financial planning as well. The National Association of Personal Financial Advisers, or NAPFA, also requires members to take, and renew, a fiduciary oath:

Alex Petrovic III signed NAPFA's Fiduciary Oath

Thumbnail