INDUSTRY INSIGHT SPONSORED CONTENT
RETIREMENT ADVISORS 6THINGS TO LOOK FOR IN
A RETIREMENT ADVISOR
When it comes to retirement, there are many questions you must
address in your financial plan.
A financial advisor can help you get the answers you need, but you
need to find the right one. A financial advisor should have these six
characteristics if they are helping guide you through retirement:
1. Retirement-Focused
Your financial advisor should understand the concerns retirees face and
help you with these on a daily basis. Building a plan that addresses the
many retirement challenges you face takes a lot of hard work, analysis,
and time with an advisor. That advisor should have the knowledge, tools,
and expertise to work with clients at or near retirement.
2. Fiduciary
Advisors who are fiduciaries are required to act in the clients’ best
interests. Non-fiduciary retirement advisors can recommend
investments that pay them more, no matter if they are the best option for
you. A fiduciary legally cannot take this approach. They are required by
law to recommend the best options for you, regardless of how they are
compensated.
3. Transparent Fees
The majority of retirees have no idea what their all-in fees are and
probably couldn’t calculate it on their own. Many times, there are
buried costs within financial products. Dig deeper and make sure you
understand what you are paying. Fees should not be difficult to
figure out, and if they are, you may need a new advisor.
4. Full-Service Advisory
Full-service means having everything you need under one roof
so that all the pieces in your retirement plan are working together.
Investments, estate planning, taxes, and health care planning should all
be in the same place so they cooperate. Not only is this efficient, but it is
extremely necessary to make the most out of your retirement and have
an effective plan.
5. Relational and Educational
Look for an advisor who cares about maintaining a longstanding
relationship with you. You do not want someone who completes
transactions and then disappears. You want someone who builds you
a plan and reviews that with you on an ongoing basis, adjusting when
necessary and educating you on why.
6. Independent
An independent advisor has zero proprietary investments. They
are not tied to any one family of funds, services, or investments. This
can give you confidence your advisor has access to making the best
recommendations for you. Everyone has a unique situation, so there is
not a one-size-fits-all approach to retirement planning. When an advisor
has an independent status, they have the ability to find the best tools
available to you and customize a retirement plan that will meet your
unique goals and needs.
At the Synergy Group, we have been helping Pittsburghers just like
you with their retirement for 32 years. We meet the six characteristics
described in this article, and we know the answers to the questions
you have. Let us help you make sure you are on the right track. Call
Alyssa Stoupis at 412-673-7760 ext. 414 to schedule a complimentary
consultation or visit our website for additional information at
www.synergygroupinc.com.
Securities offered through J.W. Cole Financial, Inc. (JWC), member FINRA/
SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). JWC/
JWCA and Synergy Financial Group are unaffiliated entities. Insurance and
annuities offered through The Synergy Group, Inc., PA Insurance License
#54229. 1176331-0521. 1967 Lincoln Way, White Oak, PA 15131
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