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The short answer is no. If you have a plan from another firm, we can use that to put together your portfolios. If you do not have a financial plan, it is highly recommended that you have the plan for a guided roadmap for your future.
Whether or not you need a financial advisor depends on various factors, including your financial situation, goals, knowledge, and comfort level in managing your finances. Do you have financial or personal goals for yourself, your family, or your business? If yes, a financial advisor can help you reach those desired goals. Plus, financial advice isn't just for the wealthy. We are here to help you gain wealth and sustain it.
When a financial advisor is described as "independent," it generally means that the advisor operates with a degree of autonomy and is not directly affiliated with or controlled by a specific financial institution or product provider. Independence in the context of financial advising is associated with certain characteristics:
It's important to note that the term "independent" can be used in various ways, and not all advisors who claim to be independent may operate under the same business model or adhere to the same standards. Investors are encouraged to conduct due diligence when selecting a financial advisor, regardless of their claimed independence, to ensure that the advisor's philosophy, expertise, and services align with the client's financial objectives. Additionally, regulatory authorities may have specific requirements or definitions related to the use of the term "independent" in the financial industry.
Being a fiduciary involves a legal and ethical relationship of trust and confidence between two parties. A fiduciary is an individual or entity that has the responsibility to act in the best interests of another party, known as the principal or beneficiary. The fiduciary duty requires the responsible party to set aside their own interests and prioritize the interests of the principal.
Key aspects of being a fiduciary include:
Examples of fiduciary relationships include:
Failure to fulfill fiduciary duties can lead to legal consequences, including lawsuits and financial penalties. The exact nature and extent of fiduciary duties can vary based on the specific relationship and the applicable laws.
Securities offered through LPL Financial, Member FINRA/SIPC. K.A. Gregory Wealth Management is another business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance, LLC, a registered investment adviser. Independent Advisor Alliance, LLC is a separate entity from LPL Financial. The LPL Financial representatives associated with this page may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted by residents of any other state.