More Fiduciary Shenanigans

In this episode, Bryan Anderson tackles a critical issue that every retirement saver needs to understand: the misuse of the "fiduciary" label in the financial services industry.

Bryan shares a real-world case study involving a client caught between two advisors—both claiming to be fiduciaries—who was misled about an annuity's performance, particularly regarding bonus structures and growth expectations. After two years of disappointing returns compared to what was promised, the client reached out for a second opinion.

Key Takeaways:

• Why the fiduciary label doesn't guarantee good advice or ethical behavior
• The lack of oversight in fiduciary claims
• Why YOU are the only true fiduciary of your own money
• How to challenge assertions from advisors, even those claiming fiduciary status
• Real examples of how clients are misled about annuity performance and bonuses

This episode is essential listening for anyone working with financial advisors or considering annuity purchases. Bryan emphasizes that nobody but you can truly determine what's in your best interest—and why you should never let your guard down just because someone claims to be a fiduciary.