How to Find Wealth Management Services in Logan, Utah
Whether you manage your finances or have a professional do it for you, you need a comprehensive approach that optimizes all areas of your finances. This article covers what wealth management is and how to find a wealth manager in Logan, Utah.
What Is Wealth Management?
The main goal of wealth management is to help build, preserve, and manage wealth over time. This is achieved via ongoing planning that considers your financial situation and short- and long-term goals. Wealth management typically covers your entire financial picture, such as:
Cash flow planning
Portfolio construction and management
Retirement planning
Tax planning
Estate planning
You may also receive guidance for needs like funding the education of children and grandchildren, advice on stock options and other compensation, debt management strategies, and tax-efficient philanthropy planning. The exact mix of services will depend on your needs and goals.
How to Find a Wealth Manager
It’s important to note that a financial professional providing this service may not go by the title of “wealth manager.” They could go by the title of financial advisor, wealth advisor, or financial planner. This array of titles means you want to assess other factors to help determine the right wealth management firm for you.
For example, a fee-only financial advisor can help provide objective, unbiased advice. A fee-only advisor charges clients a fee for the advice and services provided. Unlike commissioned or fee-based advisors, they do not receive any third-party compensation for financial products they recommend. As a fee-only firm, we help minimize conflicts of interest so we can serve our clients’ best interests.
Similarly, you might look for a wealth management firm that is a Registered Investment Advisor. An RIA is registered with the U.S. Securities and Exchange Commission or a state regulator. They must uphold their fiduciary obligation to clients, putting their interests over their own. Knowing your advisor is focused on your best interests could provide more confidence in the financial advice you receive.
Finally, you might consider an advisor with the CERTIFIED FINANCIAL PLANNER™ (CFP®) designation. CFP® professionals have completed the CFP Board’s rigorous education and experience requirements to provide financial planning services based on clients’ goals. They must also adhere to ethics requirements, including a fiduciary standard.
How to Find Wealth Management in Logan, UT
One way to find a financial advisor who provides wealth management in Logan is to ask for recommendations from friends and family who have used the services of a financial advisor in the past. You might also ask for referrals from trusted professionals such as your estate attorney or accountant.
Another way to find a financial advisor who provides wealth management in Logan is to search online. There are several websites that allow you to search for financial advisors by area, including FeeOnlyNetwork.com. Here, you can find Logan financial planners who are fee-only, fiduciary, and independent, meaning they are not affiliated with a bank, brokerage firm, or insurance company.
When you’ve narrowed your list of potential financial advisors in Logan, UT, a next step is to schedule a complimentary consultation with them. In this 15- to 30-minute call, you can discuss the concerns and goals prompting you to seek wealth management services. The advisor will share how they may be able to help you. You can use the call to ask clarifying questions about their services, fee structure, and qualifications.
Schedule a Consultation
In conclusion, wealth management is a comprehensive approach to managing financial affairs. It’s important to find a Logan financial advisor who is the right fit for you. With the right advisor, you can feel more confident that your wealth is being managed with professionalism and care for your needs.
Schedule a consultation to discuss how our fee-only, fiduciary wealth management services can help you.
This material was generated using artificial intelligence 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.