Skip to content
Independent money guidance
Clear Money Guide
Start here
Menu

Is IFG Advisory a Fiduciary? What Its Own Form CRS Says (2026)

Guides › Financial Advisor Fees

Updated September 28, 2026. Quick answer: Mostly yes, with one carve-out. IFG Advisory is registered with the SEC only as an investment adviser, so on your advisory account it owes you a fiduciary duty under the Investment Advisers Act of 1940. Its own Form CRS states: “When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.” A limited number of IFG Advisory’s financial professionals are separately licensed to sell brokerage products in a different capacity, where the weaker Regulation Best Interest standard, not a fiduciary duty, applies instead.

How it’s registered

From Form CRS, Customer Relationship Summary, IFG Advisory (March 2026): “IFG Advisory, LLC (referred to as “we” or “us”) is registered with the U.S. Securities and Exchange Commission as an investment adviser.”

The standard of conduct, in its own words

“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”

On commissions: “Many of our Financial Advisors are also Registered Representatives of LPL Financial LLC (“LPL”), an SEC-registered broker-dealer and investment adviser. Your Advisor may offer you brokerage services through LPL and receive transaction-based compensation and/or investment advisory services through us and receive fees based on your assets under our management.”

Fiduciary status by capacity

CapacityRegistrationStandard you’re owedCan earn commissionsSource
As your investment adviser (most clients)SEC-registered investment adviserFiduciary duty (Investment Advisers Act of 1940)No (asset-based advisory fee: $8,250 a year, 1.65% on a $500,000 account)Form CRS, Customer Relationship Summary, IFG Advisory, March 2026
As a dually licensed representative (limited)Also FINRA-registered broker-dealer representative, separate capacityRegulation Best Interest (not a fiduciary duty)YesForm CRS, Customer Relationship Summary, IFG Advisory, March 2026

What this means for what you pay

Fiduciary status is one input, not the whole picture. IFG Advisory discloses a published fee that runs $8,250 a year on a $500,000 account; see the full dollar breakdown from IFG Advisory’s own fee disclosure before deciding whether the standard of conduct here changes your answer.

If the answer above changes your mind about staying, read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.

Compare your next step

About how much do you have invested?

Choose a range to see an adviser-matching option. No contact details at this step.

Just comparing fees? Keep reading the fee guide.

Sources

Methodology. This page was built September 28, 2026, quoting directly from IFG Advisory’s own current Form CRS, with the source linked above; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form CRS. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.