Finding an Investment Advisor in Logan, UT
If you seek investment help in Logan, Utah, you may be considering an investment advisor. But what can an investment advisor do for you? In this article, we explore the potential services an investment advisor may offer and provide tips for finding an investment advisor in Logan, UT.
A Fiduciary Obligation
Investment advisors go by many other titles, including financial planner, financial advisor, wealth advisor, asset manager, and portfolio manager. They may also use the spelling of “adviser” with an e.
Regardless of the title or spelling, for this article, we discuss investment advisors registered with the U.S. Securities and Exchange Commission (SEC) or a state agency and therefore have a fiduciary obligation to clients.
What is a fiduciary obligation, and why is it important? A fiduciary responsibility means that the investment advisor is legally bound to act in the best interests of their clients. They must disclose any conflicts of interest and act with transparency.
This duty is important because it helps to build trust that your investment advisor will work toward your best interests rather than their own.
Services Provided by Investment Advisors
What can an investment advisor do for you? As their title suggests, they can provide investment advice and perhaps ongoing investment management. But they may also offer other services, such as comprehensive financial planning.
Comprehensive financial planning entails a review of all aspects of your financial life and the development of a plan to achieve your goals, like a comfortable retirement or funding for your grandchildren’s college educations. Your plan will be personalized to your needs but may include such services as:
Financial planning
Tax planning and preparation
Cash flow planning and management
Retirement, tax, and estate planning strategies
Portfolio management
Asset allocation model construction
Retirement plan rollover guidance
Advice about stock options
This type of planning can help provide a roadmap for achieving your financial goals and may help build a solid financial foundation for the future.
Tips for Finding an Investment Advisor in Logan, Utah
Now that you understand what an investment advisor can do for you, you may wonder how to find one in Logan, UT. One way is to ask for recommendations from friends, family members, or colleagues who have worked with an investment advisor. Another option is to use search engines like Google to find investment advisors in Logan, UT.
Once you have a list of potential advisors, check their websites to ensure they offer the services you need. It’s also important to check for things like fiduciary status, fees, and the process for working with you. You can check the SEC’s Investment Adviser Public Disclosure (IAPD) database to see if an investment advisor is registered with the SEC or a state agency and if they have any disciplinary history.
Finally, once you have a list of potential investment advisors, you can schedule a call with them to determine a mutual fit. This call is an opportunity for you to share your concerns and goals and for the investment advisor to discuss how they might help you achieve those goals. You want to work with an investment advisor who listens to you and understands your goals and whose approach meets your needs.
Our fiduciary Registered Investment Advisor (RIA) firm offers a 15-minute call to discuss your concerns and situation. Schedule a call today.
This material was generated using artificial intelligence (ChatGPT) and edited by Kaleido Inc. from information derived from sources believed to be accurate. This information should not be construed as investment, tax, or legal advice.
Parkshore Wealth Management is a family-owned, independent, fee-only Registered Investment Advisor with offices in Roseville and Folsom, CA, and Lehi and Logan, UT. We partner with financially responsible individuals and families who are eager to take positive steps that will allow them to use their money to build the life they desire. The firm is led by Harold Anderson, CFP®, and Daniel Andersen, CFP®, both members of NAPFA, the country’s leading professional association of fee-only financial advisors.