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About Us

Client Centered

Financial Foundations is a firm that is held to the fiduciary standard. But what does that mean for you? In simple terms, advisors with fiduciary responsibility are legally bound to put your needs first. It’s important to note the differences between advisors held to the fiduciary standard and those held to the suitability standard:

Advisors who operate under the fiduciary standard are armed with knowledge to provide sophisticated wealth management services and advice. They are working as Investment Advisor Representatives under a Registered Investment Advisor (RIA) firm and that firm is PortSide Wealth. They are registered with the SEC or the state security division. They have completed the necessary steps, including many hours of training and financial education courses, to become Investment Advisor Representatives (IAR) that are held to the fiduciary standard.


Our History

We have always encouraged our clients to save their retirement dollars in investments that grow in the most Tax Efficient way possible.  We educated them that it’s better to pay taxes on the Seed rather than on the Harvest. Our favorite investment is the ROTH IRA. Because if tax rates double and our client is in the 0% tax bracket, then 2X0 is still 0.

FIDUCIARY RESPONSIBILITY:

  • Investment recommendations must be in the best interest of the client
  • Investment Advisor Representatives have a legal responsibility to act in a moral and ethical manner
  • Pertains to Registered Investment Advisors (RIA)
  • 100% transparency (commission, compensations and fees)
  • Required to disclose any conflicts of interest to you

BOTH:

  • Products recommended suit your stated needs and objections
  • Ensure transactional costs are not excessive

SUITABILITY STANDARD:

  • Broker’s duty is to the broker-dealer he or she works for, not necessarily the client served
  • Not required to disclose fees or conflicts of interest to you
  • Pertains to insurance agents and Registered Representatives
  • Defined as making recommendations that are consistent with the best interest of the underlying customer