Your Financial Advisor Is Probably Conflicted

Here's a question that should make you uncomfortable: does your financial advisor have to act in your best interest? Not "should they" or "do they promise to" — are they legally required to?

If your advisor works at a brokerage, a bank, or an insurance company, the answer is almost certainly no. They're held to a "suitability standard" — which means the recommendation just has to be "suitable" for your general situation. Not optimal. Not in your best interest. Suitable. It's the financial equivalent of a restaurant being required to serve food that won't make you sick, rather than food that's actually good for you.

The Fiduciary Standard vs. The Suitability Standard

The Questions Nobody Asks (But Should)

Before you sign anything or transfer a dime, ask your advisor these five questions — and watch how they respond:

1. Are you a registered fiduciary? (Not 'do you act like one' — are you legally one?)
2. How are you compensated? Do you earn commissions, trails, or revenue sharing from the products you recommend?
3. Do you receive any compensation from third parties based on what you sell me?
4. What is the total all-in cost of my portfolio, including fund expense ratios, platform fees, and advisory fees?
5. Will you sign a fiduciary oath in writing?

If your advisor gets defensive, vague, or redirects the conversation, that's your answer.

"The biggest cost in investing isn't fees or taxes — it's advice that was designed to benefit the advisor more than the client."

What We Do Differently

Broadway Advisor Group is a fee-based, SEC-registered investment advisor. We don't earn commissions. We don't sell insurance products. We don't receive kickbacks from mutual fund companies. Our compensation is transparent, published, and aligned with one thing: the growth and protection of your wealth.

This isn't a marketing angle. It's a legal structure. And it matters more than any performance chart or pitch deck you'll ever see.