What is an Independent Financial AdvisorSubmitted by Pennington Financial Group on February 16th, 2018
When it comes to managing your finances, you may have considered collaborating with an independent advisor to maximize your options. But what is an independent financial advisor? Independent financial advisors can play many roles in helping you navigate your finances. Because of that, Pennington Financial Group is here to explain to you what an independent financial advisor can do for you, so that you can make the wisest decision for your finances.
The difference between an independent financial advisor and other types of financial assistance is that an independent advisor works for the client, not necessarily for a specific financial firm. Because of this, they have more flexibility in terms of the clients they choose and the specific services they offer their clients. Given that they are not working under the restrictions set forth by some financial firms, they can provide financial advice that is specific to a client’s situation and needs.
In comparison to other financial advisors, those who work independently oftentimes provide their client with more options and a more inclusive, holistic view of various financial outlets. Given that they are not working specifically for a larger company, they are not forced to promote a specific brand or specific tools and services. Depending on what you are looking for from an independent advisor, you will get feedback based upon your goals and objectives, including possible methods to take for the most efficient course to help you reach your goals.
Working with an independent financial advisor means that they will conduct a detailed analysis of your current financial situation in order to gain familiarity with your expenses. This review will include any concerns or goals from you as the client. Afterwards, they will then provide you with various methods to attempt to find solutions for those concerns, paths to reach your goals, or just how to properly manage your finances holistically. The topics with which independent financial advisors often provide counsel are retirement plans, investment strategies, insurance and possible tax related questions. With their in-depth training on a variety of subjects and wide view of your finances, they are able to look at your situation from multiple perspectives until there is a solution that is effective and meets your specific needs.
If you are interested in talking with an independent financial advisor or want more information to see if you would like to work with an advisor, contact us at Pennington Financial Group. We are located in Gold River, California and serve the surrounding area.