Just what is independence for a financial professional? Independent financial professionals offer a robust platform of solutions to independently select the options that meet the needs of their clients.
Financial professionals who are NOT independent (often referred to as “captive” reps) are often times restricted to selling only proprietary products and may also be driven by sales quotas or other types of incentives that could influence their decisions. This may present a conflict of interest and might not result in the best investment alternatives for your individual situation.
As independent financial professionals, we are able to review a much broader range of investment options and together we can select those investments that best fit your needs.
We have been serving clients as their experienced financial professionals for more than 15 years. As independent financial professionals, we are focused on your best interests above all else and is not beholden to any specific product or investment.
How do you know an independent advisor is right for you? One way is to assess the differences between the various types of financial professionals. The following chart highlights some key points to consider.
Products: Access to a broad list of financial products and securities available. Able to choose those investment solutions that best align with YOUR unique needs.
Products: Often restricted to proprietary products only. Potential for influence of sales quotas or incentives from parent company, which may put your needs second.
Focus: Financial planning, investment advice, program implementation and ongoing management and advice
Compensation: Fees for services or managing assets
Focus: Account management, trading, investment and product recommendation
Compensation: Traditionally just commissions
Focus & Compensation:Combination of investment advisor and registered representative
*Note: Financial Advisors have a stronger fiduciary duty to their clients than Registered Representatives with a broker-dealer. Representatives and Financial Advisors are obligated to make recommendations that are suitable to their clients based on the client’s financial situation, investment experience and investment goals.
We strongly believe that the independent financial professional business model is the one that puts both the clients’ and the advisor’s interests into harmony. As an independent firm, we can provide fair and objective counsel to clients without the undue pressure of sales quotas or proprietary product restrictions. In the end, we believe clients can be more assured that their financial goals are being appropriately placed in the center of the planning and investing process.