The world of 50 years
ago was a lot different than it is today. An individual often worked at the
same job all his or her adult life, lived in the same house, and stayed married
to the same spouse. In those days, too, one spouse could support a family,
paying for college ordinarily didn't require taking out a second mortgage, and
people could look forward to retiring on Social Security and possibly a company
pension.
Today, your hopes and
dreams are no different. Like most people, you probably want to buy a home, put
your children through college, and retire with a comfortable income. But the
world has become a more complex place, especially when it comes to your
finances. You may already be working with financial professionals--an
accountant or estate planner, for example--each of whom advises you in a
specific area. But if you would like a comprehensive financial plan to help you
secure your future, you may benefit from the expertise of a financial advisor
from Portland Harbor Group.
You might not expect your
financial advisor to be there when a pipe burst, to help with wedding plans or
pick up the phone when you need to hear a reassuring voice. But maybe you should. After all, there’s more to your goals than an
investment portfolio or retirement plan can account for, so there should be
more to your relationship with your advisor.
That’s why, in addition to our knowledge of financial and investing, the
biggest part of our job is to become expects on you. We can help you fit all the pieces of your
financial life together as easily as we can help you decide which new car is
the best fit for your family.
However, you don't have
to wait until an event occurs before you consult a financial advisor. The
Portland Harbor Group of Raymond James,
can help you develop an overall strategy for approaching your financial
goals that not only anticipates what you'll need to do to reach them, but that
remains flexible enough to accommodate your evolving financial needs.
Some misconceptions about financial
advisors
Maybe you have
reservations about consulting a financial advisor because you're uncertain
about what to expect. Here are some common misconceptions about financial
advisors, and the truth behind them:
• Most people don't need
financial advisors--While it's true that you may have the knowledge and ability
to manage your own finances, the financial world grows more intricate every
day. A qualified financial advisor has the expertise to help you navigate a
steady path towards your financial goals.
• All financial
advisors are the same--Financial advisors are not covered by uniform state or
federal regulations, so there can be a considerable disparity in their
qualifications and business practices. Some may specialize in one area such as
investment planning, while others may sell a specific range of products, such
as insurance. A qualified financial advisor generally looks at your finances as
an interrelated whole, and can help you with many of your financial needs.
• Financial advisors
serve only the wealthy--Some advisors do only take on clients with a minimum
amount of assets to invest. Many,
however, only require that their clients have at least some discretionary
income.
• Financial advisors
are only interested in comprehensive plans--Financial advisors generally prefer
to offer advice within the context of a client's current situation and overall
financial goals. But financial advisors frequently help clients with specific
matters such as rolling over a retirement account or developing a realistic
budget.
• Financial planners
aren't worth the expense--Like other professionals, financial advisors receive
compensation for their services, and it's important for you to understand how
they're paid. But a good financial advisor may help you save and earn more than
you pay in fees.
The Portland Harbor
Group of Raymond James takes an approach to financial planning, investment
management and personal service that are highly sophisticated, thoroughly
analytical and deeply human- we can weigh the numbers and the markets in terms
of your current needs and lifelong goals to create an overall wealth strategy
that is precisely yours. We use a three steps process: The Financial Plan,
Investment Plan, and Service Plan. First
we establish goals and objectives. Then
we craft investment strategies that address your goals and objectives. Using five portfolio models, we use a
tactical approach that attempts to reduce risk.
Lastly, we use a detailed personal service strategy to keep you informed
of your progress toward your goals and apprise you of where your asset
allocation stands at points along the way.
Applied
specifically and personally, the services we offer can help you plan for
success as you see it, whether it includes a second home on the coast or a
financial legacy for generations to come.
Our comprehensive services include:
Financial planning, retirement planning, educational planning, estate
planning, insurance/long term care and corporate retirement plans.
When is it time to
consult a financial advisor?
In many cases, a
specific life event or a perceived need may prompt you to seek professional
financial planning guidance. Such events or needs might include:
• Getting married or
divorced
• Having a baby or
adopting a child
• Paying for your
child's college education
• Buying or selling a
family business
• Changing jobs or
careers
• Planning for your
retirement
• Developing an estate
plan
• Coping with the death
of your spouse
• Receiving an
inheritance or a financial windfall
In these situations, a
financial professional can help you make objective, rather than emotional,
decisions.
For more information on
financial planning from The Portland Harbor Group of Raymond James, call
771-1800 or visit them online at www.raymondjames.com/portlandharbor