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What Is A Fiduciary

FEE ONLY - Financial Planning and Wealth Management

Tel: (314) 961-1850

At Maxele, our goal is to provide our clients with an advisory experience that requires a higher standard of care and ongoing responsibility on the part of the Advisor.

Advisors can maintain a high standard of service and wealth management for a limited number of clients, generally 100 to 150.  A distinction should be made between "clients" and "customer" - "customer" suggests a transactional relationship without a Fiduciary standard of care.

As we grow from valued client referrals, our practice model - investment in technology and growing advisor network - will enable Maxele to continue providing the highest quality Advisor-Client experience.

 

Steve ErkenStephen Erken, CFP ®
Principal and Investment Advisor Representative

Steve Erken is a Registered Investment Advisor Representative, Principal and Founder of Maxele Advisors, LLC, a Registered Investment Advisor. Steve has over 28 years experience in financial planning and wealth management. He is a Certified Financial Planner™ professional and holds a Masters in Business Administration (MBA) from Washington University, St. Louis. Steve resides in Webster Groves, MO with his wife and their 3 children.

 

 

 

The term "Fiduciary" generally pertains to the relationship between a client and the company or individual the client hires for financial advice and planning.  In a fiduciary relationship, the advisor has the obligation to act solely in the best interest of the client and put the client's interests ahead of those of the advisor and/or firm.  Generally, this includes undivided loyalty in advising and servicing the client as well as disclosing conflicts of interest and providing transparency of fees and compensation for the advice and services.  In the Financial Services Industry, more specifically, a Fiduciary is a firm or individual that is compensated for advice and services by the client and not by a third party, insurance company, broker-dealer, investment company, or product sale.

Examples of Fiduciaries may be found in physicians, attorneys, a trustee by title, or a Trust Department of a bank.  Examples of non-Fiduciaries are more likely found in brokers, registered representatives of an investment company, a bank representative or an insurance agent.  Typically, these individuals have a conflict of interest as they may also represent the priorities of the firms that compensate and employ them and they often have a contractual relationship with these employers.  Also, they may have a lower standard in defining their obligation in advising the client or they may only apply the term "fiduciary" to a specific product or service, but not to the overall client relationship.  A Certified Financial Planner (CFP®) Professional may or may not be acting as a Fiduciary.

Maxele's mission is to provide clients with objective financial planning, superior services, and customized wealth management...all with undivided loyalty to the Client.

Maxele Advisors, LLC is an independently and locally owned Fee Only Registered Investment Advisor in the business of advising and servicing clients in custom financial planning and wealth management.

MAXELE’S PHILOSOPHY

UNDIVIDED LOYALTY TO OUR CLIENTS - FEE FOR ADVICE AND SERVICE

This is believed to be the ideal approach for client and advisor collaboration.  Generally, the advisor should only be compensated by the client and not from other sources, such as a broker-dealer or an insurance company.

Disclaimer

Maxele Advisors may only transact business with Missouri and Illinois residents or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements

Contact Info

Maxele Advisors, LLC is conveniently located in Webster Groves, Missouri with ample FREE parking.

MAXELE ADVISORS, LLC
20 Allen Ave.
Suite 330
Webster Groves, MO 63119

Tel:  (314) 961-1850

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