Why become independent? It’s a question many financial advisors at wire houses and regional broker-dealers think about. Those who have gone independent say it’s the best thing they’ve ever done with no more “suits” putting the pressure on to sell specific products and making sure your numbers are on target. Of course, there’s also the increased payout. Going independent offers the freedom to create and structure a business model that fits you and your clients, ultimately serving them with greater consistency and creating a better client experience. Continue reading “Overcoming Fears of Going Independent” »
Outsourcing can be one of the most important aspects for financial advisory businesses. Studies show advisors who spend more time with their clients tend to be the most successful and compensated. In the financial advisory world, time is money. The more time independent financial advisors spend with their clients, the higher their revenue. Continue reading “When Advisors Should Outsource” »
Financial advisor J. Whit Story of Colony Financial in Fitzgerald, GA has recently joined Summit Brokerage Services, Inc., the #1 Independent Broker-Dealer in the Country*.
He was previously affiliated with First MidWest, where he managed $65 million in client assets. Story brings 18 years of industry experience.
“We joined Summit because of their diverse product offerings and their willingness to service the advisor first. Their vision of servicing the advisor which is echoed in all of their home office associates was the driving force for us to join Summit,” Story said. Continue reading “Summit Brokerage Services Welcomes New Advisor” »
What’s Your Five? Study Suggests Advisors need at least Five Methods for Communication with their Clients
In the ever-growing world of technology, client communications have become more of a challenge for independent financial advisors. The reason isn’t because it’s difficult to find a way to communicate with clients, but because there are so many options, it is difficult to determine what advisors should be doing with their clients. As an advisor, ask yourself the following questions regarding communications: Continue reading “What’s Your Five? Study Suggests Advisors need at least Five Methods for Communication with their Clients” »
On April Fool’s Day, we love to play pranks on friends, family and coworkers. Don’t let April Fool’s Day be a day where you are fooled on financial matters. In honor of the lighthearted holiday, we thought we would take a look at some of the many financial myths out there, so you don’t get pranked. Continue reading “Financial Myths for April Fool’s Day” »
Have you ever wondered whether or not you need a financial advisor? Professional advisors say there is no magic asset number that pushes an investor to seek advice. Rather, it is more likely a major life event which motivates a person to seek out an independent financial advisor. Financial advisors generally recommend using an advisor prior to a major life event, such as marriage, having a child, a job change, starting a business or retirement. The reality is most people often make the mistake of waiting too long to make plans financially and start after a crisis –job loss, bankruptcy, divorce, death in the family, or when they’re running out of their retirement money. Continue reading “Why do You Need a Financial Advisor?” »
Deciding whether to open a Roth IRA [individual retirement account] or a Traditional IRA is a major decision, with potentially large financial consequences. Both forms of the IRA are great ways to save for retirement, although each offers different advantages. Continue reading “Traditional vs. Roth IRA” »
The second and third quarter of 2013 became a surprisingly difficult market for US municipal bonds after the increase in last year’s treasury yields. The 10-year treasury rate jumped from 1.60% in early May to 3.00% by September. Even though many municipal issues experienced losses of 10-15% during this period, municipal bond prices started a rebound as early as the fourth quarter of 2013. As 2014 began, US treasuries had the best one-month return since Standard and Poor’s (S&P) downgraded their AAA rating in the summer of 2011. This performance, a low number of new issues, and reduced activity in secondary issues from retail holders ended up keeping investors interested in buying tax-free securities. Continue reading “2014 Municipal Bond Market Notes” »
The ideas and concepts around saving for your retirement might have changed over the last few decades, however, one thing still rings true, good financial habits can help eliminate the biggest fear for retirees – outliving their money. Continue reading “Saving for Retirement” »
Summit Brokerage Services Inc., the #1 Independent Boutique Broker-Dealer in the Country*, is proud to announce that it has been voted as the overall highest-rated independent broker/dealer by Rep magazine. Continue reading “Summit Brokerage Services Voted Highest-Rated Independent Broker/Dealer” »