Tennessee Wealth Management is an investment advisor, NOT a broker, insurance agency or bank.
Under this type of registration we are held to a higher standard of care to our clients. We believe that this type of structure is one that enables us to provide you with the cleanest advisory experience possible and differentiates us from brokers at big wire houses, brokers at banks and insurance salesmen.
Here are some ways we differentiate ourselves:
A fiduciary duty is one of the highest standards of care in law. It is said the fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, a duty not to be in a situation where his fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from his fiduciary position without express knowledge and consent. The distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty. The word itself comes originally from the Latin fides, meaning faith, and fiducia, trust.
Our fees our paid directly by you. They are clearly disclosed up-front. We take no compensation from you or from any other party other than the fees you pay us. We will help you understand any associated costs, commissions or fees with any products or services that we recommend. We have no brokerage business, investment banking department, sales department, derivative creation department that many other advisors have.
Our advice and relationship is not tainted by a need to generate income from certain products. We are free to recommend the most appropriate Financial Plan, Investment Plan, financial products and Implementation Strategy without either conscious or subconscious concerns about what will enable our company to be most prosperous.
We charge only for the advisory relationship we have with you. This enables us to structure our business around you and your needs. We consider the relationship to be the most significant aspect of our ability to give you quality advice and require it to be free of any conflicts of interest.
We answer only to our clients and to our industries regulators. We do not have bosses in New York, parent companies or subsidiaries. Our advisers are the owners of the company, not representatives or brokers or agents of a Wall Street firm. This again enables us to give you objective advice that is free from the pressures of having to answer to, and be loyal to, two masters. We work for your interests, no-one else’s.
With the significant increases in technology over the last 20 years the informational advantages of being a massive brokerage company or bank have been eroded. A bank/brokerage size does offer some advantages in terms of safety of deposits and scope of product offerings. We take advantage of this by using banks and/or brokerage companies as custodians for your assets (We never hold you money), and having access to almost all of the products they provide without being tied to any particular one. This enables us once more to remain objective in the advice we offer and develop a far superior relationship to our clients. We have no problem bending to meet you needs rather than asking you to bend to meet our products/services.
- We have a Fiduciary duty to our clients as defined Under the 1940 Advisors Act .
- We are transparent in all our dealings.
- We do not participate in any commissions from the sale of financial products.
- We charge fees for our advice.
- We are Independent. We have no affiliation with Wall Street banks, brokers, investment banks or insurance companies.
- We are small and flexible.
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