Selecting a Financial Planner
What To Consider When Selecting a Financial Planner
» by Jack Malarik, Senior Wealth Advisor
How To Look for a Financial Advisor
A 2021 study by the Global RepTrak Company shows what many planners already know: people love to hate the financial planning sector. Hidden fees, complex terms, and poor customer experiences are just some of the reasons why the financial planning sector ranked last in the industry ranking and reputation score for the second consecutive year. With so much negative publicity surrounding the industry, it’s hard to find the right financial planner for your needs. Here are some positive qualities to look for in a financial advisor.
Transparency
Open communication with your financial planner builds a foundation of trust. Your financial advisor should make an effort to answer any questions you have to ensure you understand every part of your financial plan and be open about their planning process and fees. If you find that your advisor doesn’t provide regular portfolio updates, it could be a sign that you need to find a better option.
Experience
Financial planning industry trends change frequently, and having an advisor that knows how to react to these changes helps provide you peace of mind. The economic turmoil stemming from COVID-19 challenged the financial planning sector, but it wasn’t the first economic recession and won’t be the last. Partnering with an experienced advisor can help protect your assets from wild economic swings.
Discipline
Discipline is one of the most important qualities to look for in a financial advisor. An advisor lacking discipline may make impulse decisions that negatively impact your wealth, while a disciplined advisor always works within your risk tolerance level to help you stay the course.
Team Oriented
Serving multiple clients takes a team of multiple professionals, not just a single advisor. Working with a Summit advisor means work with a team that can help with the big picture of planning as well as portfolio management. We are proud to have multiple CERTIFIED FINANCIAL PLANNER™ professionals at Summit as well as experienced Client Service Specialists to ensure you receive timely communication and the best service possible.
Summit Wealth Partners: Reforming the Financial Planning Sector With Our Customer-First Solutions
Our financial professionals are aware of the negative reputation surrounding the financial planning sector. However, while other companies dismiss those claims, Summit Wealth Partners works hard to reverse those trends by providing industry-leading solutions for our clients, including:
Wealth Management
We have an expert investment committee that combines our expertise, services, and approach to deliver a wealth management experience that maximizes your financial potential. Our financial planners keep things simple and explain every step to bring clarity to your finances.
Financial Planning
The financial planning team at Summit Wealth Partners believes you deserve a well-constructed financial plan with a clearly defined process for successful outcomes. We’re committed to providing the highest standard of financial planning and work hard to develop long-term relationships with our clients.
Benefits of Our Wealth Management Services
Transparent Communication
Summit’s advisors work with you to find the best financial decision. Our team provides direct answers to your questions and offers evidence-based solutions to back up their recommendations.
Team-Oriented Support
We have a diverse advisory team that works to provide the best solutions for our clients. Our advisors thrive on collaboration and motivate each other to provide industry-leading support. This team-first approach allows us to respond to our clients within 24 hours.
Disciplined Approach
Our investment team maintains a disciplined approach that respects your risk level preferences. We know how important wealth management is for your long-term goals and listen carefully to your concerns before making any major decisions.
Experience
Summit has been helping clients manage their financial portfolios for nearly 40 years. Our team views your financial strategy as a living plan and helps adjust it when the market changes. We’ve helped guide families through difficult economic conditions, including the housing crisis and COVID-19 pandemic.
Summits firmwide commitment to continuing our education allows us to stay up-to-date on the latest industry trends. Our members sit on various advisory boards and attain new professional designations every year.
Let Summit Wealth Partners Help Change Your Mind About the Financial Planning Sector
We understand that the financial planning sector has a reputation of being disconnected from the rest of the world, and we work hard every day to prove that there’s a better way. Contact us today for a free consultation if you’re looking for a wealth management firm that provides transparent communication.
