Disclosure
Disclosure Statement: Understanding Our Commitment to You
Disclosure
Edward Financial Group is an independent insurance agency offering insurance-based solutions, including annuities. All insurance recommendations made through Edward Financial Group follow the NAIC Best Interest Standard, which requires insurance professionals to act in the client’s best interest. This includes meeting obligations related to care, disclosure, managing conflicts of interest, and proper documentation to ensure recommendations align with each client’s financial goals.
Investment advisory services are provided exclusively through Edward Wealth Partners, a Registered Investment Advisor (RIA). Edward Financial Group and Edward Wealth Partners are separate and unaffiliated entities.
Understanding the NAIC Best Interest Standard
At Edward Financial Group, we follow the NAIC Best Interest Standard when making insurance recommendations, including annuities. This standard, established by the National Association of Insurance Commissioners (NAIC), is designed to protect consumers by ensuring that insurance professionals act in the best interest of the client—not their own.
To meet this standard, we are required to:
- Exercise Care – We take the time to understand your financial situation, insurance needs, and goals before making any recommendation.
- Provide Full Disclosure – We clearly explain the products we recommend, including costs, risks, and benefits.
- Manage Conflicts of Interest – We must identify and manage any potential conflicts that could influence our recommendations.
- Document the Process – We maintain thorough records to show that our recommendations are based on your best interest.
While this standard is not the same as a fiduciary duty, it is a strong consumer protection framework that ensures our insurance recommendations are aligned with your financial objectives and needs.