Fiduciary services are professional financial services that are provided by Hillery M. Scott who is legally bound to act in the best interests of their clients.

other related financial planning services.

These services typically include

trust administration

investment management

estate planning and

Fiduciary services play a critical role in financial planning and wealth management, ensuring that clients’ best interests are protected and their financial goals are achieved.

The fiduciary standard is a set of ethical and legal principles that require a HSC fiduciary to act in the best interests of their clients, prioritizing their clients’ needs above their own

HSC Fiduciaries must exercise diligence, skill, and care when providing advice and managing clients’ assets, ensuring that their actions are well-informed and well-executed

HSC Fiduciaries must exercise diligence, skill, and care when providing advice and managing clients’ assets, ensuring that their actions are well-informed and well-executed.

Fiduciaries must identify and avoid conflicts of interest that could compromise their ability to act in their clients’ best interests, and fully disclose unavoidable conflicts.

Fiduciaries must provide clear, accurate, and timely information to clients, ensuring that they are fully informed about fees, risks, and potential outcomes of any recommended actions.

Revocable Living Trusts

Revocable living trusts allow individuals to maintain control over their assets while providing flexibility and privacy. The trust can be amended or revoked during the grantor’s lifetime.

Irrevocable Trusts

Irrevocable trusts cannot be altered or revoked once established, offering greater asset protection and tax benefits but sacrificing control over assets.

Testamentary Trusts

Testamentary trusts are created upon the death of an individual through their will, providing asset management and distribution according to the deceased’s wishes.

Charitable Trusts

Charitable trusts are established for philanthropic purposes, offering tax benefits to the grantor and supporting designated charitable organizations.

Special Needs Trusts

Special needs trusts are designed to support individuals with disabilities by providing financial assistance without jeopardizing their eligibility for government benefits.

Will Preparation

A will outlines the distribution of an individual’s assets upon their death, ensuring their wishes are fulfilled and minimizing potential legal disputes.

Power of Attorney

Power of attorney designates a trusted individual to make financial and legal decisions on behalf of the grantor in the event of incapacity.

Beneficiary Designations

Beneficiary designations ensure that assets, such as life insurance policies and retirement accounts, are distributed to the intended recipients upon the account holder’s death.

Asset Protection Planning

Asset protection planning safeguards wealth from potential creditors, lawsuits, and other financial threats while ensuring lawful and ethical practices.

Portfolio Management

Portfolio management involves creating and maintaining a diversified investment strategy that aligns with an individual’s financial goals, risk tolerance, and time horizon.

Asset Allocation

Asset allocation refers to the process of dividing an investment portfolio among various asset classes, such as stocks, bonds, and cash, to optimize returns and manage risk.

Risk Management

Risk management entails identifying and mitigating potential investment risks to preserve capital and achieve long-term financial objectives.

Performance Monitoring

Performance monitoring involves tracking investment returns and evaluating the effectiveness of the overall investment strategy.

Tax-Efficient Investing

Tax-efficient investing seeks to minimize tax liabilities by strategically managing interest income, capital gains and dividends.

Securities and Exchange Commission (SEC) Oversight

RIAs and other investment professionals are subject to oversight by the SEC, ensuring compliance with federal securities laws and regulations.

State Regulatory Authorities

State regulatory authorities play a role in overseeing fiduciary service providers, such as trust companies and certain investment advisors, to protect consumers and maintain industry standards.

Legal and Ethical Obligations

Fiduciaries must adhere to legal and ethical obligations, including the fiduciary standard, to ensure they act in their clients’ best interests.

Client Protection Measures

Client protection measures, such as insurance coverage and safeguards against fraud, help ensure that clients’ assets are secure and well-protected.