NAPFA: It’s in Your Best Interest
Most clients of Mentor Capital are familiar with NAPFA, the National Association of Personal Financial Advisers. This is the Fee-Only financial planning industry organization that promotes objectivity, transparency and elimination of conflicts of interest when working with clients.
NAPFA members, like advisers of Mentor Capital, gladly accept the fiduciary responsibility always to act in clients’ best interests. We never receive compensation that is contingent on any client’s purchase or sale of a financial product (commissions). In addition, to avoid conflicts, we never receive compensation for referring clients to other advisers; nor do we pay other advisers for referring clients to us. We accept payments from no one but our clients.
NAPFA members are highly trained professionals committed to working in the best interests of their clients. The organization was founded in 1983 and, along with the Financial Planning Association and the Certified Financial Planner (CFP) Board of Standards has worked to require anyone providing financial advice to the public to abide by the fiduciary standard.
