Seattle’s Premier Fiduciary Financial Advisors
WEALTH MANAGEMENT WITH YOUR BEST INTEREST IN MIND
There are thousands of financial advisors in Seattle and hundreds of thousands nationally. But only a relatively small percentage are bound by law to give you advice that’s in your best interest. They are known as Registered Investment Advisors (RIAs) and trustees – fiduciary financial advisors that adhere to what’s known as the fiduciary standard. This standard requires financial advisors to provide advice that’s 100% in your best interest. All other financial advisors are NOT required by law to do what is in the client’s best interest.
- Registered Investment Advisors (RIAs) and Trust Companies adhere to the fiduciary standard
- All other financial advisors are NOT required to do what’s in the client’s best interest
FEE-ONLY INVESTMENT ADVISORS
Laird Norton Wealth Management is both a trust company and a Registered Investment Advisor. In all the work we do for clients, we are legally required to act in our clients’ best interests. We recommend investments only if we are convinced such investments will work best for you, in terms of costs, taxes, return and risk. We are a fee-only financial firm, meaning we are not paid a commission to invest your money with any investment manager or in any particular funds.
FIDUCIARY FINANCIAL ADVISORS VS. NON-FIDUCIARY FINANCIAL ADVISORS
Brokers and other non-fiduciaries, such as bank representatives, professional financial planners, insurance agents and/or any professional selling financial products, are commission-based salespeople whose pay is determined mainly by the quantity and type of financial products they sell. Their legal obligation to you is the suitability rule. That sounds good, but what’s “suitable” can still be against your best interest. When it comes to investment advice, non-fiduciary financial advisors may be biased by incentives.
YOUR BEST INTEREST THE LAIRD NORTON WEALTH MANAGEMENT WAY
Our definition of acting in the client’s best interest also encompasses client-centric financial planning by CERTIFIED FINANCIAL PLANNER® professionals that includes:
- Managing risk not only in your investment portfolio but across your entire asset base;
- Budgeting and income sustainability analysis so you know what kind of spending your investment portfolio can support;
- Minimizing investment-related income taxes;
- Making sure your investments are aligned with your financial and estate plans;
- Making ongoing adjustments as your finances and your life circumstances change.
THE BENEFITS OF WORKING WITH LNWM’s FIDUCIARY FINANCIAL ADVISORS
An additional benefit of working with an RIA or trust company is their requirement to share what your fee will be and how it is calculated upfront. Non-fiduciary financial advisors are not required to tell you how much you are paying in fees. At Laird Norton Wealth Management, transparency starts with fees and extends to all we do on your behalf. It’s your money and our purpose is to help you align your assets to help you achieve your goals and fulfill your vision of the future.
INVESTMENT MANAGEMENT DISCOUNTS PASSED ON TO YOU
Not only do we not accept incentives to invest your dollars with any manager or fund, but because of our size we are able to negotiate manager-fee discounts and preferred pricing that we pass on directly to you.
SEATTLE’S FULL-SERVICE FINANCIAL FIRM
As Seattle’s premier fiduciary financial advisory firm, Laird Norton Wealth Management provides strategic investment management, in-depth financial, tax and estate planning and expert trust management all from one dedicated team of financial planners and investment advisors.
The integrated services LNWM provide mean that every time you make a major financial decision, we can help you see the impact on all aspects of your finances and life. When your goals change or new opportunities arise, we’re here to help take into account their full impact.
LNWM advises you based not just your investments, but on impact to your cashflow, lifestyle options and legacy plans. We advise you based on a holistic view of all of your assets: properties, any businesses, and even the “human capital” that is waiting to be developed within your family.
Time and time again, we’ve seen that the most effective financial decisions are made with a holistic view to their impact. When things like the potential risk/return, taxes, cash flow or even legacy are taken into consideration, a clearer decision path emerges. If financial decisions optimize all of these factors for you, the benefits tend to compound over the years and through multiple generations. This is what LNWM helps you do. We provide integrated wealth management that serves your needs and the needs of your loved ones over time.
This approach, along with our fiduciary standard of doing what’s in your best interest is why families, foundations and non-profit endowments, in Seattle and around the globe, have partnered with Laird Norton Wealth Management for their financial advisory needs for more than half a century.