Copyright: | (c) 2011 Politics & Government Week via VerticalNews.com |
Source: | NewsRx |
Wordcount: | 478 |
In the wake of the
Now, investors can know those answers and sleep better at night if the answers are “yes.”
A new organization, the
The Alliance was created by
“Unfortunately, busy people sometimes don’t know the difference between these two types of advisors. Too many people are being sold products that will adversely affect their tax planning or the way their retirement years are spent,” he said.
The Alliance was created to solve this problem. It consists of a group of independent advisors who have proven their trustworthiness, objectivity, and competence and who comply with a strict code of conduct and ethical guidelines that require them to put their clients’ interests first.
More people than ever are looking to financial advisors for advice because they don’t want to spend their time following the market or keeping up with the constant changes that will affect their estate planning objectives.
“They want to have certainty about their money, not worry about it,” Hamm said.
“Handling money is more complicated than ever. During the boom years, many people handled their own finances. When the market did well, everyone was an expert investor. But now that the market has gotten tougher, people are finding that they would rather not handle their money on their own,” said Hamm. “We want to make sure people who are looking for advice hire the right advisor in their area.”
To make sure that happens, financial advisors need to be asked the right questions. People need the certainty of knowing their advisor is trustworthy, competent and objective.
Hamm started the Alliance after he observed that investors were being misled by some advisors. He has been a consultant to financial advisory firms for 22 years on the subject of long-term care planning. He’s seen the best and worst that can happen to people who have hired a personal financial advisor.
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