Financial professionals may offer proprietary products – a financial product created and managed by that financial professional’s firm.
Not all proprietary products are bad. But selling them presents a financial professional with a genuine conflict of interest that could change the tenor of client relationships. The conflict may occur beyond when the product or fund is sold – after the sale, if the instrument isn’t performing to expectations, the financial professional faces another moment of conflicting interests.
As a fee-only fiduciary, Annex Wealth Management doesn’t sell proprietary products, avoiding that conflict of interest and acting in your best interests at all times.