Our Latest Podcast Episode – Exploring the World of Private Professional Fiduciaries
by Towerpoint Wealth
The World of Private Professional Fiduciaries
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Our Latest Podcast Episode – Exploring the World of Private Professional Fiduciaries


In our latest episode of “A Wealth of Knowledge“, Towerpoint Wealth’s original podcast, we dive into the intricate world of private professional fiduciaries. These trusted professionals play a critical part in managing the financial and personal well-being of their clients, often navigating complex legal, financial, and caregiving responsibilities.

Listen to the podcast below!

Here’s a recap of what we discussed – and why this topic is so important.

What’s a Professional Fiduciary?


At its core, a professional fiduciary is someone who is legally and ethically obligated to act in their client’s best interest, 100% of the time. A private professional fiduciary is legally and ethically bound to act in their clients’ best interests, often stepping in when clients lack the ability—or trusted family members-to manage their affairs. Private professional fiduciaries coordinate a wide spectrum of responsibilities, including:

  • Financial Management: Overseeing assets, paying bills, and ensuring compliance with legal and regulatory standards.
  • Compliance: Ensuring that their duties are fulfilled in adherence to the Uniform Prudent
    Investor Act and CA State Probate Code
  • Personal Care: Coordinating healthcare, living arrangements, and quality-of-life decisions for clients who can’t advocate for themselves.
  • Estate Administration: Acting as a trustee, conservator, or estate administrator to manage complex estates and legal matters.

Fiduciaries often serve as an objective, neutral third party, ensuring their clients’ needs are met without family conflicts or emotional bias.

Key Highlights From the Episode

This episode featured insightful discussions led by:

  • Joseph Eschleman, President of Towerpoint Wealth
  • Jonathan LaTurner, Partner and Wealth Advisor
  • Megan Miller, Associate Wealth Advisor

Together, they explored the vital role fiduciaries play and how Towerpoint Wealth supports these professionals in their mission to serve clients effectively. This discussion included things like:

1. The Unique Role of Fiduciaries

  • Fiduciaries act as a neutral third party, ensuring that estate and financial matters are managed in accordance with their client’s wishes.
  • Licensed by organizations like California’s Department of Consumer Affairs and supported by trade groups like the Professional Fiduciary Association of California
    (PFAC), fiduciaries operate under strict legal and ethical guidelines to protect their clients.
  • Their roles can range from managing a trust’s investments to ensuring a client receives proper medical care.

2. Why Fiduciaries Are Critical

For clients without suitable family members to oversee their affairs, fiduciaries offer a professional, impartial solution. They:

  • Minimize family conflicts by serving as a neutral decision-maker.
  • Ensure compliance with legal, ethical, and regulatory standards.
  • Manage complex estates and financial responsibilities with expertise and care.

3. Towerpoint Wealth’s Role

As fiduciaries themselves, Towerpoint Wealth offers invaluable support to professional fiduciaries. We understand the unique challenges fiduciaries face. Our role is to empower fiduciaries by helping them manage the financial intricacies of their responsibilities, including:

  • Investment Management: Ensuring portfolios align with the Uniform Prudent Investor Act (UPIA).
  • Tax Strategies: Offering expert tax advice and coordination with CPAs to optimize financial outcomes.
  • Comprehensive Support: Partnering with estate planning attorneys and other professionals to address clients’ diverse needs.

Why This Niche Matters

Fiduciaries wear many hats, often balancing caregiving with financial management and legal oversight. At Towerpoint Weath, we alleviate their workload by handling the financial complexities, allowing fiduciaries to focus on their primary goal: ensuring their clients’ well-being.

What Sets Towerpoint Wealth Apart?

As Jonathan and Megan shared in the podcast, our team’s depth of experience, combined with our unwavering commitment to helping fiduciaries meet their responsibilities with precision, sets us apart. Whether it’s navigating trust requirements or providing tailored investment strategies, we’re here to deliver solutions that make help fiduciaries fulfill their obligations to their clients.

  • Decades of Expertise: With over 15 years of fiduciary experience, Jonathan brings a depth of knowledge in asset and estate management. Our team deeply understands the complexities of fiduciary responsibility in accordance with regulations and best practices.
  • Tax Strategy Excellence: Megan Miller’s credentials as an Enrolled Agent allow us to provide comprehensive tax advice.
  • Ongoing Support and Communication: We prioritize regular updates and are always available to address questions and provide advice, ensuring fiduciaries feel supported every step of the way.
  • Dedication to Learning: Our team is committed to continuous education, staying informed on the latest developments and regulations to ensure we provide fiduciaries with the most accurate and actionable guidance.
  • Passion for Service: Our team is dedicated to educating fiduciaries and empowering them to achieve the best outcomes for their clients.

Connect With Us!

If you’re a private professional fiduciary or interested in learning more about this fascinating field, we invite you to:

Stay tuned for more episodes of A Wealth of Knowledge, where we’ll continue to explore financial strategies, wealth management insights, and more. Don’t forget to like, share, and subscribe to ensure you never miss an episode!