Here are few of the questions we most frequently hear from prospective clients. You can learn more about The Alder Financial Group, our team, why we are different, our partnerships, and much more.
Not every financial advisor accepts this fiduciary duty. For example, some brokers are held to the much lower standard of suitability. This standard of care means an advisor need only suggest products that are suitable for your objectives and no disclosure is required for possible conflicts of interest. The introduction of compensation by commission also introduces a conflict with acting in your best interest first and foremost.
Unfortunately, it is harder than you might think to find an independent financial advisor that is also a fiduciary. Fiduciary advisors make up less than 10% of the financial services industry. This means that 90% of financial advisors do not have a legal duty to put your interest ahead of their own and their company. If you wonder whether fiduciary duty is a higher standard than the suitability standard that brokers are under, simply ask a broker whether his company will sign a letter stating they accept fiduciary duty. It won't happen, sadly.
A Fee-Only financial advisor is not the same as someone who claims to be fee based. Don't be fooled. A fee-based "advisor" usually refers to a stock broker or registered representative who is usually compensated by asset management fees and/or the products he or she sells – like a wrap account. A "fee-based" advisor thus is someone who receives fees both from clients and from the trading itself – or from a third party such as a brokerage firm or an insurance company. The Alder Financial Group is a 100% Fee-Only advisor.
- Accumulation Phase – growing your wealth
- Transition Phase – nearing retirement
- Distribution Phase – in retirement
Each phase encompasses different challenges and requires different set of solutions. Our strategies are centered on the disciplined but flexible allocation of assets into the following major categories: equities mutual funds or ETFs, bonds, and cash. The information from the client profile and the Investment Policy Statement is invaluable for determining a strategic mix of asset categories that best fits your individual profile. Our proprietary computer modeling, which takes into account all relevant facts, will provide us with a strategic asset allocation and allows us to we design a portfolio with characteristics we feel are best suited to obtaining your goals
Through proper asset allocation and a strong focus on keeping costs low and minimizing taxes, we help ensure that more of your money is working for you. Your financial independence will come from your investment's ability to generate a predictable and steady income flow in retirement and not from some arbitrary performance figure. The result is a highly customized yet practical, cost effective and tax efficient portfolio that meets your short term as well as long range goals.
Contact us today to see how we can help you achieve your financial goals