Phil Cannella speaks of fiduciary responsibility
Phil Cannella – Phillip Cannella Media: Phil Cannella often speaks of a fiduciary responsibility. According to the dictionary, the word means “involving trust, especially with regard to the relationship between a trustee and a beneficiary.”
Phil Cannella demands his peers
In Phil Cannella’s mind, there are far too many individuals in the financial services industry who don’t work in the client’s best interest and they won’t hold themselves accountable for their advice and recommendations. This is one key element that makes Phil Cannella different to many in the field. Phil Cannella demands of his peers that they be accountable for their actions. If a client of theirs loses their nest egg and you were their advisor, then you need to be held accountable.
It is for this reason that Phil Cannella focuses on those vehicles that provide safety for people in or approaching retirement. You cannot afford to lose your life savings when you hit the point in your life when you want to retire. Phil Cannella strives for his clients to have the retirement they wished for by preserving and growing their assets without market risk.
If all professionals in this field would hold to a fiduciary standard we would certainly have a great level of ethics and less people getting fleeced.
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