Is Honest Dollar a fiduciary?
Yes, as an investment advisory firm, Honest Dollar acts in a fiduciary capacity for our clients and their assets under management.
Typically, when an employer grants their employees a retirement plan benefit with us, our software will offer each employee access to complete the sign-up process. At this time, the employee is presented with options for the type of retirement account desired for investing the assets.
Honest Dollar’s Portfolio Selection Tool will recommend a Portfolio to clients based on certain information they provide. Investors should understand that the Portfolio Selection Tool currently focuses exclusively on your age, time horizon, liquidity, and risk tolerance in recommending a Suggested Portfolio.