Investment Fiduciary

Are you a Fiduciary?

When you hand someone your life savings, you need to know they're legally required to put you first. As CFP® professionals, we are — always, without exception.

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.

In addition, we must fulfill the following duties:

number-1

Duty of Loyalty

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

number-2

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.

In plain terms: we're required to give you advice that actually fits your situation — not advice that's just good enough. That means understanding your goals, your risk tolerance, and what's going on in your life before we recommend anything.

number-3

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.

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.

Because of our fiduciary commitment, you can trust that every recommendation we make is built around you — not a commission. That's how you retire with confidence.

Want to work with an advisor who's legally on your side? Let's talk.

What our clients think about us

Hance Financial

Hance Financial, LLC

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  • Steve

    I have worked with John for several years now. What I really like about John and his team is that they give me the individual time to go over things, explain things, and lay out options for consideration in a calm and organized manner. The response time in getting back to me is excellent. Highly recommended!

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  • Michael Gonzales

    John Hance and his team has been outstanding to work with! John is incredibly knowledgeable and thorough, and he takes the time to explain things in a way that makes you feel confident and informed. What really sets him apart is how he treats you—more like a friend than just a client. He genuinely cares, listens, and always goes the extra mile. I highly recommend him to anyone looking for trustworthy and thoughtful financial guidance.

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  • Flavius Stanici

    I had a great experience working with Hance Financial these past couple of years. John is knowledgeable, professional, and genuinely takes the time to understand your financial goals. What stood out most was his ability to explain complex concepts in a way that’s easy to understand, which made me feel confident and informed every step of the way. John is very responsive and always follows through, making the entire process smooth and stress-free. Whether you’re planning for the future, investing, or just looking for solid financial advice, he’s someone you can trust. I highly recommend working with him if you want reliable and personalized financial guidance.

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  • s oman

    I have been with John Hance since I retired years ago. He and his staff have been so great. They are always very responsive when I have questions or other concerns. John provides a very personal touch. Always available when I need his assistance/advice returns calls in a very timely manner or answers the call himself. John has even stopped by our homes in Minnesota and Arizona to keep us informed and updated on our investments. I have great respect for his knowledge on investing.

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  • LUCIANA PASSERI

    John, Evan, and the entire team at Hance Financial are world class. Why? Because they listen. They care. My experiences in the Financial Advisor market was dim until I met John and his team. I feel that not only is my money safe in their hands but that they truly care about me as a person and my financial goals. I’m so grateful to have been introduced to this great team. My writing this review is motivated by my less than ideal past experiences and me wanting to support others in finding the financial security and ease of experience that now brings me peace.

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Reviews on this site may or may not be by clients of the firm. No compensation is being provided for sharing of opinions and experiences on this site. The reviewer's comments may not be representative of any other person's experience and are no guarantee of future performance or success.

Hance Financial, LLC

 
BLOOMINGTON OFFICE 3600 American Blvd West, Suite 120
Bloomington, MN 55431
 
SARASOTA OFFICE 2031 Synergy Ln #1412
Sarasota, FL 34240
Phone: 952-445-6482 | Sarasota: 941-404-2408 | Fax: 952-236-3917

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Hance Financial, LLC are not affiliated.  Cambridge does not provide tax or legal advice. This communication is strictly intended for individuals residing in the states of AZ, CA, CO, FL, IA, IN, KS, MD, MI, MN, NE, NJ, NV, OH, PA, SC, VA, and WI.. No offers may be made or accepted from any resident outside the specific states referenced.

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