A true financial advisor is a Securities and Exchange Commission Registered Investment Advisor (“RIA”). By law, an RIA must act as a Fiduciary who must put their clients’ interest ahead of their own with a duty to preserve good faith and trust. This is called the Fiduciary Standard.
Stockbrokers, bankers, and insurance agents are not SEC Register Advisors and they are not held to the Fiduciary Standard. Because they do not adhere to the Fiduciary Standard, they are free to recommend products that financially benefit them while not having to be the best choice for the investor.
When you are seeking a financial advisor always make sure that they are a Registered Investment Advisor. Next you should focus on how you relate to the adviser. Are you comfortable with their communications style, are they empathetic, trustworthy, and competent? Check websites such as advisorinfo.sec.gov for RIAs or Brokercheck.finra.org for brokers to review their records. Request that some upfront work be performed before you engage an adviser to determine their fit with you and their competence.
Financial Advisors frequently provide personal financial planning advice and investment management advice. Planning advice may encompass retirement planning or other goals-based planning such as educational planning. In providing this advice the planner will use projections and models that incorporates a wide variety of techniques including revenue and expense modeling, tax planning, risk assessment, behavioral finance assessments, and asset allocation strategies.
Investment advice marries the information gleaned from the planning exercises with your goals and objectives. Based upon this information, a primary investment allocation is constructed along the efficient frontier that should meet your goals without undue risk. From there a more refined individual security selection process is completed and is then tested over thousands of market scenarios (Monte Carlo simulation) to assess the likelihood that your investment portfolio will achieve your investment objectives.
If you choose Winthrop Partners, you will have chosen a highly credentialed SEC Registered Investment Advisor who operates as a Fee-Only Fiduciary with a combined 150+ years of financial experience and no disciplinary disclosures. You will also learn that we invest in you before you invest with us, by providing extensive planning and modelling services prior to asking for your engagement.
What Makes us Different
Individual investments and markets fluctuate over time. As professionals, our job is to enable you to make informed financial decisions using the full complement of resources at our disposal. This process provides a framework for making decisions collaboratively and monitoring the outcome of those decisions over time. Each step involves interaction between our team, the client and outside professionals if needed.
We take the time to actively listen and ask the right questions. By understanding your unique situation and financial goals, we develop a customized and comprehensive portfolio.
Our clients are our priority. We negotiate for you, ensuring that your best interests remain at the forefront every time.
Though we hold 150 years of combined experience, our progressive mindset keeps our eyes fixed on the future.
We receive one clearly aligned fee, with no commission or third party fees influencing our recommendations.
We hold the experience, and resources necessary to manage important decisions impacting your portfolio, ensuring transparency and clear communication every step of the way.