Life brings a range of financial questions that when answered properly can lead to long-term success. But when the questions are never addressed trouble may lie ahead and often does. Addressing questions holistically and developing a sound strategy includes:
- Funding for retirement security
- Children’s education
- Elder care
- Special health needs
- Optimizing taxes
- Employee benefits
- Properly handling transactions such as
o Mortgages and loans
o Business Partnerships
o Estate and trust planning
o Determining proper investment risk and strategy
This is because a large percentage of financial planners are engaged in commission- based sales activities. In fact, Financial Planning was originally designed as a technique to gain trust that will lead to the sale of life insurance or other high-commission financial products. This hasn’t changed much despite the passage of decades and marketing of the Certified Financial Planner brand.
As Fiduciaries, we are able to remain more neutral because we make seasoned recommendations but not sales.