Investment Fiduciary | Hance Financial, LLC

Are you a Fiduciary?

As a CERTIFIED FINANCIAL PLANNER™ professional, we are always obligated to act as fiduciaries when providing financial advice.

In addition, we must fulfill the following duties:

Duty of Loyalty

Requires us to place our clients’ interests above those of the CFP® professionals and the CFP® professionals’ firm.

Duty of Care

Requires the CFP® professional to act with the care, skill, prudence, and diligence that a prudent professional would provide considering the clients goals, risk tolerances, and financial and personal circumstances. A CFP® professional must disclose conflicts of interest and obtain the client’s informed consent and then manage those conflicts of interest in the client’s favor.

Duty to Follow Client Instructions

The obligation of the CFP® professional to comply with the terms of the engagement as well as to follow the client’s reasonable and lawful instructions.

The purpose of these rules is to help the consumer know the CFP® professional is delivering competent and ethical advice.

By contrast, a non-fiduciary financial advisor, might receive a commission for selling you a particular investment that is not in your best interest and not be required to tell you how they profited from it.

What Is a Fiduciary?

A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interest ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the client’s best interests.

A fiduciary could be responsible for the general well-being of another person, like a child’s legal guardian. Most often, being a fiduciary, involves finances—managing the assets of another person, or of a group of people. Money managers, financial advisors, bankers, insurance agents, accountants, executors, board members, and corporate officers all have fiduciary responsibility.

A fiduciary’s responsibilities and duties are both ethical and legal. When a party knowingly accepts a fiduciary duty on behalf of another party, they are required to act in the best interest of the client or party whose assets they are managing.

A fiduciary is expected to manage the assets for the benefit of the other person, rather than for their own profit, and cannot benefit personally from their management of those assets.

What our clients think about us

Hance Financial, LLC

16 Google reviews

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Tracey Gibson

2023-10-23

Jahn Hance and his team have been great in getting us set up investing for our future. He is knowledgeable and excellent and answering questions. He listens to what our goals are and provides the right amount of guidance to help us reach them.

Renee Olson

2023-10-23

John is a great financial advisor. My husband and I thoroughly enjoy meeting with him and feel he has given us the best advice possible. John's communication with us is always top notch.

Julie Lind

2023-10-23

I have been one of John Hance's clients for quite a few years. He has helped me set up my retirement accounts, and helped me navigate through my parent's estate. He has a financial planning portal to show me what my financial future will look like. He's also always available through phone, text, and emails. I feel much more at ease knowing he is looking out for my financial future.

Joe Gleason

2023-10-23

Hance Financial has taken care of my finical needs for over a decade. John implements plans according to your goals and is sensitive to your established risk profile. John communicates with effectively and in a timely manner.

Mike Huntley

2023-10-23

Hance Financial provides high-quality personalized service. They have helped organize financial documents, provide good and regular communication, and helped make sense of options with financial planning. Even more importantly, to me, is that they develop a connection to get to know your situation, needs, and concerns - they are patient and actually teach you when you ask questions.

Furaha Kisongo

2023-10-23

John Hance is an experience financial advisor and planner; his expertise is very insightful and he really cares about his the well being of his clients. I would highly recommend his financial advice, you will not be disappointed.

Cathy Backes

2023-10-23

John is wealth of knowledge in the finance world. I have been using him for many years as my investor and I have reaped the benefits. I love the new newsletter - especially the “Man with the Golden Arm”.

Bill Kittelson

2023-10-23

I had worked along side John for more than 30 years. He is very serious about being well informed about life insurance and investments and is passionate about doing well for his clients.