James Lukezic - Introduction to Fiduciary Advisors

James Lukezic has a unique career in finance as a fiduciary advisor. While some are familiar with common terms in finance, only a few are familiar with the title of fiduciary. A advisor is simply an advisor that is paid on retainer by a company or employer to advise employees on retirement investments.

Interestingly enough, a advisor is not himself responsible for the company’s retirement plan, but is only held responsible for the advice that he gives to each individual employee. The birth of the fiduciary advisor came about when the Pension Protection Act of 2006 was implemented. The act spurred the creation of a new kind of finance professional called the fiduciary advisor. The act basically allowed for financial advice to become an employee benefit, much like health and dental insurance, as well as retirement plans.

Implementing the services of a advisor has many advantages. This relationship benefits the employer, employee, and advisors. Here is how:

Employers - A customer service department, or even a sophisticated computer model cannot match the level of service that can be provided by an on-site financial professional. While computer models have some benefits, they require a level of expertise in finance just to interpret. Employees will appreciate the 1 on 1 help of the advisor, feeling more secure with their financial future, and investing more in the company, whether it be effort or capital. The benefit of a fiduciary advisor also tends to attract more qualified professionals.

Employees – There are many ways that employees benefit from a fiduciary advisor. Having access to a full-time financial planner works in their favor because they can develop a personal relationship with the advisor. In turn, the advisor can offer advice that is tailor-made for each employee’s individual situation and lifestyle. The advisor can assist employees with not just retirement plans, but estate planning, income tax, budgeting, and more.

Advisors – The benefits of an advisor working for a company is that it offers steady, long-term work. Individual prospecting for clients can be a time-consuming and difficult task. When advisors work in conjunction with companies, they have a steady, established source of work, as well as a way to create a strong business network that will grow their portfolio and brand.

James Lukezic has experienced much success working as a fiduciary advisor. The career path continues to grow, and prospects look good for the future of the job position.

For more information visit here - http://www.investopedia.com/articles/financialcareers/08/fiduciary-planner.asp

James Lukezic is a successful fiduciary advisor in New York City. He graduated from Cornell University, and began working with Merrill Lynch & Company. He worked hard to build his career and hone his skills.