Face value represents the value, in dollars, of a specific security, such as stocks and bonds, at the time it's issued. While the market rate for these assets may fluctuate based on various factors, such as supply and demand, the face value remains constant.
Financial liability is a sum of money that one party or entity owes another. Essentially, it’s a debt that is owed at some point in the future. While some level of financial liability is essential, if your liabilities significantly exceed your revenue, it could jeopardize your financial stability.
A fiduciary is an individual or organization that has a legal duty of loyalty and care to another person(/s). A fiduciary who manages money for another person is required to act with the utmost integrity, making decisions that are in that person’s best interests – or they can be held legally liable.
A financial planner is a professional dedicated to helping you manage your money. They can assess your income, expenses, assets, and liabilities to get a holistic view of your financial health. Once they have a full understanding of your needs, they help you establish clear financial goals.