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With a fiduciary financial advisor, you’ll know that the person managing your money must make decisions in your best interest. In general, fiduciary financial advisors tend to have fewer conflicts of interest, and they’re required to disclose any potential conflicts of interest that they do have.
Financial professionals who earn commissions may be incentivized to sell their own products even if there are comparable products available at a lower cost. Fiduciaries must seek the best prices and terms for their clients. Thus, if you work with a fiduciary you’re more likely to end up with the product or recommendation that’s truly right for you.
In general, financial professionals bound by fiduciary duty tend to be more transparent. Fiduciaries must thoroughly discuss their decisions with their clients, providing all relevant information and pertinent facts. This makes it easier to help ensure you understand the decisions that are being made in regards to your assets and financial future.
While not all non-fiduciaries are necessarily bad actors, it’s easier to ensure that you’re working with someone who has your best interest if you opt to work with a fiduciary.
Wealth Preservation Partners was formed over 25 years ago with the idea that we continuously keep our clients’ goals and values in mind. We strive to build and preserve wealth for our clients, allowing them the freedom to invest in what they care about. We look forward to hearing from you. For over 25 years we have been providing custom financial plans as well as developing long-term relationships with our clients.
Our mission is to guide and educate individuals, families and business owners in maximizing their financial potential. We are committed to delivering the highest level of professional service possible while helping to identify and attain your financial goals.
~ Bob and Mike
Robert J. Fiondella is a financial advisor and co-founder of Wealth Preservation Partners, LLC. He works with a team of financial specialists providing personalized wealth management and investment solutions for individuals, families, companies, and charitable organizations across the U.S.
As a small business owner and successful entrepreneur himself, Bob is a valued trusted partner to business owners and entrepreneurs alike. He brings with him over 30 years of experience in the insurance and financial industries. Bob founded the non-profit organization Amy’s Angels in 2014 and to date they have helped numerous families.
Bob graduated from Fairfield University with a B.S. in accounting. He holds the Charter Life Underwriter (CLU) designation, FINRA Series 7, 24, 63 and 65 securities registrations and has experience in Medicare supplemental health programs. Bob resides in Farmington with his wife Michele and his children. He is an avid golfer and is always trying to perfect his swing.
Michael F. Gacek is a financial advisor and co-founder of Wealth Preservation Partners, LLC. He prides himself on his ability to simplify complex financial scenarios with the goal of educating his clients. He develops comprehensive strategies based on the individual’s time frame and personal comfort level for risk.
Mike has over 25 years of experience and has helped hundreds of individual clients and small businesses coordinate all aspects of their insurance and investment planning. He supports nonprofit and charitable organizations and is on the board of directors of New Foundations, Inc., a non-profit group home based in Wolcott, CT.
He received a B.S. in Finance and Economics from Syracuse University and an MBA from the University of Connecticut. He holds the Charter Life Underwriter (CLU) and Accredited Investment Fiduciary (AIF) designations, and FINRA Series 7, 24, 63 and 65 securities registrations. Mike resides in Burlington, CT with his wife, Wendy and their two children, Jack and Emma. During his spare time, he is an avid fisherman. He is always happy to trade fishing stories.