Read more about Estate here. By choosing a financial advisor who can help them with debt management and college savings plans when they’re ready, they can continue building their financial future with the same level of trust. Halbert Hargrove Global Advisors, LLC (“HH”) is an SEC registered investment adviser located in Long Beach, California.
They will create an investment plan for you based on your individual financial goals and try to integrate your investment plan into your overall financial plan. J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (“J.P. Morgan”), a registered broker dealer and investment adviser, member FINRA and SIPC. Compensation paid to the Publisher will be up to $500 per completed contact form. Compensation provides an incentive for the Publisher to endorse J.P. Morgan and therefore information, opinions, or referrals are subject to bias. Morgan and the Publisher are not under common ownership or otherwise related entities, and each are responsible for their own obligations.
Stockbrokers, insurance agents, tax preparers, investment managers, and financial planners can all be considered financial advisors. Look for a financial planner who talks with you about risks, and what you are and are not comfortable with.
In this article, I’ll explain how to find a financial advisor and why it’s important to narrow your search to fee-only fiduciaries. Hodges points out that if an independent adviser is a solo practitioner, you should have a plan in place in case they die or quit.
In order to give advice to clients, financial planners must obtain certain securities licenses through an organization called the Financial Industry Regulatory Authority (FINRA). You will need these licenses before you can get a job as a financial planner. However, the specific licenses you’ll need may vary depending on what exactly you want to do as a financial planner.
The hardest part about being a financial advisor is often the constant need for client prospecting and business development, especially in the early stages of one’s career. Everything we just described to you can be a part of your new reality as a financial advisor. That said, there can also be some drawbacks, as is true for any career. Nothing good comes without a price tag, including successful careers in finance. When clients achieve their financial objectives and trust your guidance, they are more likely to refer their friends, family, and colleagues to your services, thereby expanding your client base. Opting for an independent practice gives you the autonomy to set your own rules, make business decisions, and manage your schedule.