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Updated September 28, 2026. Quick answer: Yes, on every account. Rockwood Wealth Management is registered with the SEC only as an investment adviser (it is not a broker-dealer), so the Investment Advisers Act of 1940 requires it to act as your fiduciary. 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.”
How it’s registered
From Form CRS, Customer Relationship Summary, Rockwood Wealth Management (March 7, 2024): “Rockwood Wealth Management, LLC is registered with the 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: “Our financial professionals are compensated primarily based on a fixed salary and annual bonus, subject to adjustment based on factors such as individual and company performance. Certain financial professionals are compensated based on the amount of client assets managed by us (for asset-based fees), or the time and complexity required to meet a client’s needs (for fixed fees). Our financial professionals are not compensated based on the sale of a particular product and do not earn commissions.”
Fiduciary status by capacity
| Capacity | Registration | Standard you’re owed | Can earn commissions | Source |
|---|---|---|---|---|
| As your investment adviser | SEC-registered investment adviser | Fiduciary duty (Investment Advisers Act of 1940) | No (asset-based advisory fee: $12,000 a year at $500,000. That is the stated $12,000 minimum annual fee, not a rate: the published schedule starts at 1.25% on the first $1,000,000.) | Form CRS, Customer Relationship Summary, Rockwood Wealth Management, March 7, 2024 |
What this means for what you pay
Fiduciary status is one input, not the whole picture. Rockwood Wealth Management discloses a published fee that runs $12,000 a year on a $500,000 account; see the full dollar breakdown from Rockwood Wealth Management’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.
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Source: WiserAdvisor’s service descriptionSources
- Form CRS, Customer Relationship Summary, Rockwood Wealth Management (March 7, 2024): https://reports.adviserinfo.sec.gov/crs/crs_137481.pdf
- SEC Investment Adviser Public Disclosure, Rockwood Wealth Management (CRD #137481): https://adviserinfo.sec.gov/firm/summary/137481
- Rockwood Wealth Management, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/137481/PDF/137481.pdf
Methodology. This page was built September 28, 2026, quoting directly from Rockwood Wealth Management’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.