Munn & Morris Financial Advisors follow a fiduciary standard that is focused on you. This means we don’t make a commission by selling a specific financial product and are primarily a fee-based firm. This means we only earn money when you do. This puts our standard of care in your best interest.
What exactly is a fiduciary and how are we different than a broker? A fiduciary is often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care, candor, and loyalty in fulfilling the obligation.1
A stockbroker is a professional who executes buy and sell orders for stocks and other securities on behalf of clients. A stockbroker may also be known as a registered representative, investment adviser or simply, broker. Brokers are usually associated with a brokerage firm and handle transactions for retail and institutional customers alike. Stockbrokers often receive commissions for their services, but individual compensation can vary greatly depending on where they are employed. Brokerage firms and broker-dealers are also sometimes referred to as stockbrokers themselves. The most referenced stockbroker firms are discount brokers.
Munn & Morris Financial Advisors is lead by its president, Irv Munn, a CERTIFIED FINANCIAL PLANNER™ practitioner based in Dallas, Texas.