Advising Clients since 1980
What is a Fiduciary?
A fiduciary is a person who assumes responsibility for a position of trust. Private Fiduciaries provide critical services to vulnerable seniors, disabled persons, and children. They manage matters involving these consumers' daily care, housing and medical needs, and also offer financial management services ranging from basic bill paying to estate and investment management. Fiduciaries serve by court appointment as guardians, conservators and personal representatives of estate. They also serve by agreement as trustees, representative payees or as agents under powers of attorney.
How Fiduciaries Benefit Families?
Private Fiduciaries in California are governed by state statute created in 2006 to license and regulate non-family member private fiduciaries, including conservators, guardians, trustees and agents under durable powers of attorney as defined by the Professional Fiduciaries Act.
Many seniors do not have family in the area, or seniors with family choose to appoint a Professional Fiduciary in order to avoid burdening family members. Sometimes family members may not be a good choice for fiduciary work either due to the lack of appropriate skills or the potential for conflict with siblings or other relatives.
Professional Fiduciary Association of California
The Professional Fiduciary Association of California (PFAC) is dedicated to:
Assuring the highest standards of ethics and practice
Achieving comprehensive statewide certification
Maintaining standards and qualifications of members
Assuring members fulfill continuing education requirements
Shoreline’s Competitive Edge
We are a network of independent professionals with over 150 years of combined experience in wealth management and advice. Members of this network can be used individually or collectively for a single program or a series of seminars or workshops for your company or organization.
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If you’d like more information about how diversified investment advisors can help you achieve your financial objectives through personalized wealth or retirement and risk management strategies, please contact us. We welcome the opportunity to discuss your unique needs and how we may best meet them.
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Charles M. Bloom, Registered Principal offers securities and advisory services through Centaurus Financial, Inc. - Member FINRA and SIPC - 775 Avenida Pequena, CA, 93111 (mailing address: 3905 State Street Suite 7173, Santa Barbara, CA, 93105) - CA Life Insurance License No. 0A52786 - Centaurus Financial, Inc. and Shoreline Wealth & Investment Management are not affiliated companies.
The information contained in this web site is neither an offer nor solicitation of any security or service.
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