Frequently Asked Questions

In April 2016, a new word entered many investors' vocabularies: fiduciary. Even for those who'd heard it before, the term took on a whole new meaning when the Department of Labor's Fiduciary Rule was released. All of a sudden financial advisors fell into two camps: fiduciaries and non-fiduciaries, adding a new level of confusion – and risk – to the advisor-client relationship for many investors.

The most important difference between a fiduciary and a non-fiduciary is the decision-making process. Before making a recommendation, fiduciaries undergo a thorough process designed to determine the client’s best interest. They discuss each recommendation thoroughly to ensure there is no misunderstanding about the recommendation and the fiduciary’s role for making it.

Advisor’s acting under the non-fiduciary standard may, but are not required to, have the same depth of discussion.

Herzog differentiates itself from the competition with a fee-only structure. Accepting absolutely no commissions, referral fees, or fees from sales incentives, brokerage firms, mutual fund companies and insurance companies, our advisors operate with no conflicts of interest and are guaranteed to remain objective in their dealings with and recommendations to clients.

Our client’s assets are custodied at Charles Schwab & Co., Inc. We do not have direct access to our client’s funds/assets.

The first consultation at Herzog Financial Group is always free. We love the opportunity to connect with new clients and help them find solutions to meet their needs.

Please contact us to set up an initial complementary consultation. We look forward to meeting with you.