Welcome to Asset Oversight

Your Local Resource for Financial Advice

planning finances

As we go through life there are many financial decisions to be made. And you may want a second opinion on a few of these important fiscal choices. Depending your age and life experiences, the advice you require could range from how to finance a college education to how to retire comfortably or how to get out of debt.

 

Each of these issues and just about everything money related in between could be managed by, or helped with the consultation of  a financial professional. Below we have listed some of the main money expert categories that you may require for assistance. Visit our Locations tab at the top of this page to find a financial pro in your area.

 

 

A Financial Expert for Every Stage in Life

Financial Planning

If you don’t have the time, expertise or desire to design and manage the important aspects of your fiscal life, professional financial planning may be what you require. A 3rd party, non emotional viewpoint can be of great benefit for important life decisions. Your financial professional will help you to determine and then reach your fiscal goals.

A Financial Advisor can help you to:
• Set sensible fiscal and personal goals
• Determine your financial well being with an accounting of your income, assets, liabilities, taxes burden, insurance situation, estate plan and investment portfolio.
• Devise a practical, complete strategy to meet your monetary goals by strengthening your fiscal deficiencies and building on
financial strong points.
• Get your plan into motion while monitoring progress
• Remain on track with your strategies while adjusting for new circumstances like life stages, market and tax code changes.

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Asset Management

A professional Asset Manager’s job is to assist you in managing your financial assets. Their scope of work may include the management of any stocks, bonds, real estate, or any other monetary assets that you own. An asset manager will balance any incurring risk with earnings for your portfolio, with the goal of increasing the value of your holdings. Asset Managers may be independent managers or work for brokerage firm.

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Wealth Management

Now that you have acquired substantial wealth, you may require assistance in managing your holdings. A Wealth Manager will handle Accounting, Tax, Investment, Financial, Estate, Retirement and Insurance issues for you. Working with your attorney, accountant and insurance agent, your fiscal house will stay in order while dealing with only one professional.

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Investment Advisor

If your goal is to simply grow your financial assets through stocks and bonds, you’ll want to speak with an Investment advisor. Your investment recommendations may include placing funds in securities, stocks and bonds, mutual funds or/or real estate holdings.  You’ll  collaborate with your financial pro to grow your portfolio based on your risk aversion and goals.

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Retirement Planning

If you haven’t considered your lifestyle level after retirement, you may want to speak with a specialist. A Retirement Planner will help you to establish your post career lifestyle goals as well as providing the strategy to achieve them. You’ll determine your target retirement age, funds required and the sources of your income.

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Debt Consolidation

Are you in over your head in debt? If yes, there’s a pretty good possibility that you might want to consider a debt consolidation loan. Debt consolidation loans are simply one of the easiest methods you are able to utilize for getting out from debt. If you would like to roll multiple credit card and loan balances into one loan payment, debt consolidation may be the way to go.

Read more on Debt Consolidation…

 

 

 

 

 

Financial Planning & Investment Adviser FAQ:

 

What is an investment adviser?

Investment Advisers, either individually or as a firm, are in the business of providing advice about securities to clients. The adviser gets compensated for providing guidance on investments like mutual funds, stocks, bonds, ETFs and managing securities portfolios.

Are Investment Advisers and Financial Planners the same?

Many financial advisers are investment advisers as well but investment advisers are not necessarily financial planners. Most financial advisers will evaluate all areas of your fiscal life, comprising investments, savings, insurance policies, taxes, retirement, and even estate planning. They will then create and implement a strategy to help you reach your financial goals.

Some individuals refer to themselves as financial planners, but may only be able to offer you small range of investment products and some of those are not even securities.

Note: Prior to hiring a financial professional, you’ll want to know the exact services you need, if the the professional offers them and any restrictions on what they can recommend. Also inquire as to what services you’re purchasing, what they cost, and how the professional gets paid.

What questions should I ask a potential investment adviser or financial planner?

What is your experience, ideally with individuals in my scenario?
What is your training and recent employment history?
Do hold any licenses? If so, are you registered with the SEC, a state etc.?
What financial services and products do you offer?
Are you limited to a number of products or services to me? If so, why?
In what manner are you paid? Do you charge an hourly rate, flat fee, or commission?
Has the government or regulatory agency disciplined you for unethical or improper conduct? Have you been sued by a client?
If you are a registered investment adviser, may I see a copy of both parts of your Form ADV?

If possible, you’ll want to meet potential advisers in person to see if you are a fit. While there are many professionals who can create a strategy and manage your finances, do your homework before choosing. Finally, check out your chosen professional with your securities regulator.

How are investment advisers compensated?

Prior to hiring any financial professional, be it an investment adviser, stockbroker, a financial adviser, make sure you understand how they get paid. Investment advisers are usually compensated in any of the following manners:

Paid by a fixed fee
Paid by percentage of the value of the assets they manage for you
Paid by hourly fee for the time they spend on your portfolio
Paid by a commission on the securities they sell

Note: Each of the payment methods have pros and cons, depending on your requirements. Before deciding on an adviser, inquire as to how the compensation differences will affect you, if the fees are negotiable and for a few options.

Are investment advisers required to register with the SEC?

Depending firm size, investment advisers must register with either the state securities agency where they have their principal place of business or the SEC. Generally, investment advisers who handle $100,000,000 plus in client assets have to register with the SEC. Managing less than $100 million, it’s the state securities agency.

If an investment adviser has a disciplinary history, how would I find out?

A form called “Form ADV.”is filed by most investment advisers with either the SEC or a state securities agency, depending on the amount of assets they manage.

The Form ADV has two parts. Part 1 shows whether they’ve had problems with regulators or clients as well as info about the adviser’s business. Part 2 describes the adviser’s fees, services and strategies. Always ask for, and carefully read, both parts of Form ADV before hiring an adviser.

Do investment advisers need credentials?

A: Many investment advisers and financial planners have credentials, like CFP, CFA (chartered financial analyst) but there is no law that requires the credentials. Some states do require advisers to take and pass a proficiency exam and/or meet other requirements.

What a Financial Adviser can do for you:

Set practical, achievable financial goals
Determine your current financial status by considering your income, assets, liabilities, investments, insurance, taxes, and estate plan
Design a sensible, complete strategy to meet your financial goals by fixing your fiscal weaknesses and building on financial strengths
Set your plan into motion and monitoring progress
Adjust your strategies to meet new challenges like marital status, births, deaths job loss etc.

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