The right investment advisor does what is right for you
Surprisingly, the majority of financial planners and financial advisors in the industry are not required to act as a fiduciary—providing advice and making decisions that are in your best interest. On the contrary, most financial professionals are actually licensed investment brokers—earning commissions for the investment products they sell. Though investment brokers are the most common type of investment professionals an investor will encounter in the industry, earning a commission (even when disclosed) can cause a conflict of interest an unduly influence the advice that is being provided.
Investors with complex needs are increasingly seeking out independent advice that is not influenced by commissions. One way to ensure you're getting independent advice is to work with an independent fiduciary investment advisor. Benefits of working with an independent fiduciary advisor include:
Independent advisors are not tied to any particular family of funds or investment products. So whether you need help with retirement planning, a tax situation, estate planning, or managing assets at multiple places, independent advisors have the freedom to choose from a wide range of investment options in order to tailor their advice based on what’s best for you.
To offer advice closely aligned with your goals, independent advisors must first build a strong understanding of your situation. As a result, many independent advisors focus on building deep relationships with their clients. This often takes regular, ongoing interactions. And because many of these advisors are entrepreneurial business owners, they hold themselves personally accountable to their clients.
Independent advisors typically charge a fee based on a percentage of assets managed. This fee structure is simple, transparent, and easy to understand. It also gives your advisor an incentive to help grow your assets. When you succeed, your advisor succeeds.
Independent advisors can help investors address the variety of complex investment needs that arise when you accumulate significant wealth. While specific services vary from firm to firm, they are often described as financial “quarterbacks” focused on your holistic financial picture. Some advisors are specialists in certain investment strategies. Others can assist you with comprehensive services, such as estate planning or borrowing, the sale of a business, complicated tax situations, trusts, and intergenerational wealth transfer.
Independent advisors use independent custodians, like Charles Schwab and others, to hold clients’ assets. For many investors, this provides a reassuring system of checks and balances—your money is not held by the same person who advises you about how to invest it.
Guardian Wealth Strategies provides independent fiduciary advice to investors and helps them coordinate the most important areas of their retirement plans—investments, taxes, estate planning, insurance and more.
Schedule a no-obligation Discovery Meeting (via phone, Zoom or in-person) to learn more about our team, our services, and discuss the items that are most important to you.