With over 500,000 financial
advisors in the U.S. how can you find one you can trust and that can help you in ways you need most?
A financial advisor who is an Asset Manager is focused solely on investing in stocks, bonds, mutual funds, alternative assets or other types of securities. Their primary goal is to achieve a rate of return for your assets. They do not create financial plans, offer insurance, or offer other guidance such as retirement planning or college funding.
These advisors can be registered with and regulated by either or both the Securities and Exchange Commission/State or the Financial Industry Regulation Authority (FINRA).
There are also many firms that offer both Asset Management and Financial Planning services, referred to as Wealth Managers.
A financial advisor who is a Financial Planner is someone who creates a written plan covering dozens of topics including investments, taxes, insurance, retirement, cash flow, savings and so forth.
A financial plan is a complex and lengthy document that is essentially a blueprint for someone’s total financial picture.
Just like Asset Managers, these advisors can also be registered with and regulated by either or both the Securities and Exchange Commission/State or the Financial Industry Regulation Authority (FINRA).
Wealth Managers are financial advisors that offer both Financial Planning and Asset Management services.
Benfi works only with advisors that have a completely clean regulatory record. Our advisors have no client complaints, regulatory fines or any negative disclosable event in their history.
Benfi works only with the top 2% of Investment Adviser Representatives to ensure that your financial interests are safe guarded and that your advisor practices fiduciary standard over your investments.
