Selecting Wealth Management Firms in Logan, UT
As you read this, you might wonder how wealth management can benefit you. Maybe you’ve been fortunate enough to accumulate some wealth but now face complex financial decisions and don’t have the time or expertise to manage your finances effectively. That’s where a wealth management firm can help. In this article, we offer information on the services a wealth management firm might provide and tips for selecting wealth management firms in Logan, UT.
Understanding the Services Provided by Wealth Managers
Wealth managers can provide a wide range of services, from one-time projects addressing your specific concerns, to ongoing investment management, to comprehensive financial planning and investment management.
Comprehensive services with our Logan wealth management firm may include:
Personal financial planning
Tax planning and preparation
Cash flow planning and management
Retirement, tax, and estate planning strategies
Disciplined portfolio management
Asset allocation model construction
Retirement plan rollover guidance
Advice about stock options
Every wealth management firm is different, so a good approach is to research a potential advisor’s website to see whether their services align with your needs.
Finding Wealth Management Firms in Logan, Utah
Now that you know what kind of services a wealth management firm might provide, it’s time to find one in Logan, UT. Here are some steps you can follow:
Determine what kind of wealth management firm you want: Fiduciary and fee-only are two important terms to understand. A fiduciary firm is legally obligated to act in your best interest, and a fee-only firm charges client fees rather than earning commissions on the products they recommend. If you seek objective, unbiased advice, you might consider wealth management firms in Logan that are fee-only, fiduciary firms.
Ask for recommendations: Reach out to friends, family, or colleagues who have worked with wealth managers. They might be able to recommend a reputable firm that fits your needs.
Research local listing sites: Websites like FeeOnlyNetwork.com and the National Association of Personal Financial Advisors (NAPFA) can help you find fee-only, fiduciary wealth management firms in your area. You can also use search engines like Google to find wealth management firms in Logan, UT.
Check the background of potential advisors: Visit the U.S. Securities and Exchange Commission (SEC) Investment Adviser Public Disclosure website to verify any potential advisor's registration status and background.
Schedule a consultation: Most wealth management firms offer free initial consultations, which can give you a chance to assess how they may help you reach your goals and address your financial concerns.
Conclusion
Selecting a wealth management firm in Logan, UT, involves knowing what kind of firm you want and completing your due diligence to find a firm that is the right fit for you. By following these steps, you should be well on your way to finding a wealth management firm that can help you navigate the complexities of your financial life and make the most of your hard-earned wealth.
Schedule a consultation to discuss how our fee-only, fiduciary wealth management services can help you.
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.