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Shedding some light on an industry term In the search for a financial advisor, you may come across a common buzzword: fiduciary. A welcome sign when used as a descriptor for a financial professional, fiduciary refers to those required by law to act in the best interest of their clients, even if doing so means putting their clients’ interests ahead of their own. While it may seem obvious that financial professionals should act in the best interest of their clients, this is unfortunately not always the case. While not all conflicts can be avoided when giving investment advice, the White…

The Tax Cuts and Jobs Act of 2017 created a new tax-preferred opportunity that seeks to reinvigorate certain depressed communities while providing tax incentives to investors. According to the IRS, an Opportunity Zone, popularly dubbed “O-Zone,” is an “economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.” Localities qualify as Opportunity Zones if they have been nominated for that designation by the state, and that nomination has been certified by the U.S. Secretary of the Treasury. Investing in an Opportunity Zone through “Qualified Opportunity Funds,” or business entities that invest in tangible property within…