Why Your Advisor Should Be a Fiduciary

XPYRIA Team Insights

Why Your Advisor Should Be a Fiduciary

Joseph G. Salpietro, ChFC®, AIF® XPYRIA Team Insights

From our inception, XPYRIA has served our clients according to a Fiduciary Standard of Care which means that, by law, we must put our clients’ best interest first.  Thus, XPYRIA does not sell products or proprietary funds and we do not accept commissions.  Our adherence to this Fiduciary Standard has allowed us to remain independent and free from potential conflicts of interest.

This distinction sets us apart from other advisors who are only subject to a suitability standard.  Under the suitability standard, an advisor is free to recommend any investment, including those for which the advisor receives a commission, as long as the investment is suitable for the client’s situation.

By adhering to the Fiduciary Standard, we have aligned our interests with those of our clients and are empowered to serve as your strong advocate.

For this reason, the Fiduciary Standard can be considered the” gold standard” among financial advisors.

For more information on the importance of selecting an advisor who is a fiduciary, we recommend this article (hyperlink) from the American Association of Individual Investors (AAII).

About the Author

Joseph G. Salpietro, ChFC®, AIF®

Principal, Chief Executive Officer, President and Senior Client Advisor
Mr. Salpietro has knowledge and experience in comprehensive financial planning that integrates global investment management, legal (advance directives and estate planning), tax, insurance, and family dynamics. His passion is helping clients organize their financial lives so that they understand their financial situations, the options they have available, and the financial decisions that need to be made for them to live their best lives. As a fiduciary for over a quarter century, Mr. Salpietro has used his financial insight and expertise to advocate for his clients, providing counsel that is in their best interest.  In addition, Joe has decades of experience as an Outsourced Chief Investment Officer (OCIO), helping institutional clients manage risk, while maximizing the growth necessary to fullfil their organizational missions.  Mr. Salpietro works with individuals, closely held businesses, non-profit [501(C)(3)] organizations, union accounts, Taft-Hartley plans, and government entities. Mr. Salpietro has knowledge and experience working with a wide range of investment alternatives. He is knowledgeable in the areas of investment management and research, investment policy development, financial planning, cash flow analysis, and debt management.