INDIVIDUAL SOLUTIONS
What Is a Fiduciary Financial Advisor?
When discussing financial advisors and retirement planning, you’ll often hear the term “fiduciary”. But what does this mean, exactly? Especially as it relates to a financial advisor.
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A fiduciary advisor is a financial advisor who has an obligation to make financial decisions and recommendations that are in their clients’ best interest. For example, they cannot make certain decisions just because they pay a larger commission to the advisor.
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FINANCIAL PLANNING PROCESS
We see our mission as guiding individuals towards long-term financial security and the achievement of their financial goals. Our clients work hard and so should their investments. We help them create a financial road-map so they can not only monitor their investments but also know where their money will be coming from to support and sustain their lifestyle. We communicate with clients so they can understand and feel comfortable about their plan. In addition, We are always looking at tax codes to see what strategies we can implement to save money. A customized plan tailored to your personal situation also helps us ensure that we have established a clear direction for pursuing your financial goals.
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UNDERSTAND
The key to financial planning is to truly understand the client, their financial circumstances, and their financial goals. Frequently this process also involves understanding the client’s family dynamics. We take time, ask the right questions, and actively listen to our clients so that we gain a highly nuanced understanding. Only after we have a thorough understanding of our client, do we begin to formulate a plan.
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DESIGN
During this phase we establish risk management parameters and ultimately develop a financial strategy and plan with your long-term and short-term goals in mind. There are times when we collaborate with other trusted advisors you have, such as your accountant, attorney, trustees, or family members. We finalize our recommendations and present them to you, answer your questions, make any necessary adjustments, and outline the actions for implementing your plan. We design these plans so that they can be easily updated in the future as your circumstances change.
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IMPLEMENT
Once the plan meets with your approval, we implement the plan on your behalf. We focus on your stated goals and objectives and making sure what you have align with those goals. We will be fully engaged in opening and transferring accounts, reviewing key issues, and using the extensive resources available to us through CPA’s, attorneys and our own team of analysts.
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MONITOR
As a fiduciary it is our responsibility, not only to build and implement your plan, but to monitor and review it on a regular basis to ensure that your financial tools are aligned with your financial goals. Monitoring and management are not a one-time event but rather an ongoing dynamic process that evolves as one’s assets grow, and life changes occur.
Where Your Wealth Matters
