Hiring the Right Financial Advisor and More
How do you hire the right financial advisor?
You may skip to any chapter listed below or watch the video in its entirety:
How to choose the right financial professional, why working with a fiduciary matters, and the foundation of a solid retirement plan.
We explore your Needs, Wants, and Wishes—including a deeper dive into planning for healthcare costs.
How we assess risk tolerance, time horizon, tax sensitivity, and investment objectives—for you and your loved ones.
Explore the pros and cons of converting pre-tax assets to a Roth, with a sample analysis showing both the costs and potential long-term benefits.
Life changes—and so should your plan. We show how our approach adjusts over time to stay aligned with your goals.
08/22/2024
In this video, questions asked and answered as to finding the right financial advisor for you and your loved ones?
1. What license do they hold? This crucial factor can provide you with a sense of security and confidence in your financial advisor.
2. What is their experience?
3. Why is it in your best interest to work with a Fiduciary? This role is crucial as it ensures that your advisor working in your best interest, fostering trust and transparency in the advisor-client relationship.
4. What is the advisor's process for helping you develop your financial plan? For instance, do they conduct a thorough financial assessment, discuss your goals, and then create a personalized plan?
5. Find out how to do your own research on securities representatives. Illustrating their complaint record, licenses held, time in the profession, and more.
The Process We Use for Developing a Financial Plan
In this video, you will see our process of developing financial plans for our clients. We aim to illustrate that everyone's situation is unique, and we tailor your goals to your specific circumstances.
We have structured the video into time slots so you can focus on the most critical areas.
Our unwavering commitment to providing the best service is why when we have online meetings with the client's permission, we record the meeting and then forward the recording to our clients. This helps ensure our clients understand the planning we have done for them and keep them current on their goals and dreams. It also promotes complete transparency, a key value in our service. Transparency is crucial in building trust, and we are committed to being open and honest in all our dealings with you.
00:00- 1:19 Why work with a Fiduciary.
01:20-2:59 The Financial Planning Process.
3:00-04:33 Your Expectations and Concerns.
4:35-06:58 A through budget- Income & Expenses.
06:59-10:58 Risk Tolerance-Do your current investments match you.
11:00- 14:25 Your investments in one easy to read snapshot!
14:27-26:33 Social Security collection ideas.
26:35-30:36 Does converting IRAs and Qualified Retirement plans make sense?
30:38-35:05 What Are You Afraid Of? Great Recession, Cuts to Social Security, Health Care. Etc.
35:05-38:18 A flexible plan highlighting (What-If situations).
38:29-40:24 Seeing your plan with a year-by-year breakdown- and any tax changes are automatically corrected throughout your plan.
40:24-41:35 Online meetings recorded and sent to client for education and full-Transparency.