As a Registered Investment Advisor firm, Pih Investments is able to work independently with its clients without the restrictions and/or natural conflicts of interest that exist with banks, large brokerage firms, and insurance companies. Advisors that work directly for large financial firms are many times limited to the products and services they can provide. Limited access and sales initiatives often times leave the large firm advisor forced to make a tough decision: meet his/her sales goal(s) and earn more commission with a proprietary product, or choose a product that may be better for his client but face repercussions.
A fee-only model that Pih Investments uses minimizes conflict of interest. There are no commissions to be earned and no other financial compensation from any institution for any reason. Pih Investments is compensated on a fixed percentage of assets that is far below industry norm.
Financial professionals at banks, large brokerage firms, and insurance companies are held to a "Suitability" standard, meaning that if they can make a case that the product or investment is "Suitable" for the client, it is acceptable to promote. On the other hand, representatives of a Registered Investment Advisor firm are held to the standards of a Fiduciary: they must always act in the best interest of the client.
Pih Investments is a Registered Investment Advisor firm, such that it is legally held to the highest ethical standards of a Fiduciary - putting the best interest of the client before itself. As a Fiduciary, Pih Investments adopts the most stringent Code of Ethics and is required by law to fully disclose any conflict, potential conflict, and also disclose its compensation prior to, and during the client relationship.