5 essential practices of the best financial advisors

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Sponsored content by the Faust-Boyer Group of Raymond James
 

Number1Provides frequent and effective communications.

 

It’s essential to monitor your investments within the context of your long-term goals. Your advisor should keep in regular contact, in person and by phone, to discuss your portfolio, the markets, tax legislation and even the economy. But it’s a two-way street. Does your advisor know about recent changes in your life?

 

 

 

 

 

 

 

Number2

Proactive about your investments.

 

It’s not enough to just rebalance your portfolio from time to time. An advisor you trust, and a financial plan you create together, should help guide you through the long-term ups and downs of the markets as you manage each phase of your life. Is it time to focus on income rather than accumulation? Should you own alternative investments?

Number3Comprehensive financial planning.

 

Maybe you’re saving for a child’s education or wedding. Or establishing a trust to benefit a child with special needs. Your advisor should know the specifics of your situation so you can benefit from the best advice – and those you love can, too. What are your retirement dreams? Do you have philanthropic desires on top of providing for the future of your loved ones?

Number4Coordinates with your CPA and attorney.

 

Your financial advisor should collaborate with your tax attorney, CPA, estate attorney and any other relevant specialists to help ensure that your financial plan stays on track. Do you have any carry-forward losses to use? Are your accounts titled correctly? Do your IRA beneficiaries match your estate plan?

Number5Meets your business needs.

 

Your advisor should assist you with everything from insurance and stock options to lending solutions and succession plans. Has your equity compensation been effectively incorporated into your plan? Do you need help positioning and selling your business?

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Greer, SC 29650

864-968-3800

thefaustboyergroup.com  

Raymond James & Associates, Inc., Member New York Stock Exchange/SIPC

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Lynn C. Faust, Senior Vice President, Investments

Michael A. Faust, Vice President, Investments

Aimee S. Waite, CFP® Financial Advisor

Alex McGrath, Financial Advisor

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Specializing in high net worth financial planning, executive financial planning, generational planning, and investing for women. The Faust-Boyer Group utilizes a team approach to effectively research, plan, monitor, and service their clients’ accounts. 

 

 

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP(R), CERTIFIED FINANCIAL PLANNER(tm) and federally registered CFP (with flame design) in the U.S.

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