Financial advisor

MarketWatch has promoted these products and services because we believe readers will find them useful. We may earn a commission if you purchase products through our links, but our recommendations are independent of any compensation we may receive.

Having a financial planner doesn’t mean you have to wash your hands to take care of your finances. In fact, having a financial planner is about managing a relationship with someone who holds the very important keys to your proverbial castle. From managing budgets and investments to insurance and tax strategies, it’s important to keep an eye on your financial advisor, within reason. But how often should you chat with them? (This tool can help you find a planner that meets your needs.)

A financial advisor aiming to use social media as a means to increase access to quality advice ditched his broker and started a paid RIA to make his vision a reality.

Andre Jean-Pierre of Aces Advisors plans to transform his large audience on Twitter and Club house into leads for the New York-based RIA and a powerful alternative to personal finance influencers he often finds unlicensed and lacking in basic knowledge. Jean-Pierre left Woodbury Financial Services from Advisor Group and officially registered the RIA with the SEC in July.

An industry veteran for 11 years and a former wire house broker at Morgan Stanley, Jean-Pierre was awarded the distinction of obtaining the first purple dot from Twitter as a member of the Live Audio Hosts beta group using its spaces function. He also started his weekly Clubhouse sessions last year after noticing influencers selling penny stocks or even outright pump and dump programs. Frustrated by their wide reach, he uses social media platforms to ensure “access to information and access to services that are blocked for people of a certain demographic group,” he said.

As he no longer saw the point of working with a comic and feared that he would not be able to use social media as effectively as with another company, Jean-Pierre decided to open the independent RIA. In its early days, the company had less than $ 10 million in client assets.

“I want to grow up deliberately,” said Jean-Pierre, who is black and American of Haitian descent. “I really try to focus on people of color who can’t get that kind of personal attention and people who understand their personal situation outside of the numbers.”

Representatives of the Advisor Group declined to comment on Jean-Pierre’s departure, noting a policy prohibiting discussing movements of individual or company practices.

Jean-Pierre has 12,000 followers on Twitter and nearly 2,000 on Clubhouse, and he recently used the Revue service on Twitter to launch a newsletter called #InTheBLAQ. The newsletter revolves around “personal finance, culture, creators and sports in the black and brown community,” according to her profile.

A former Division 1 football star at Stony Brook University who grew up in the Flatbush neighborhood of Brooklyn and Irvington, New Jersey, he said he was eager to find more clients who represent the “first generation of wealth. downtown “that could be” high income and it doesn’t sound like that because they have to support so many people. “

Jean-Pierre’s Clubhouse sessions started drawing around 500 people during the GameStop saga in January, and he found that around 100 attendees would ask questions afterwards.

“What we are seeing right now is that a lot of people are connecting their professional life with their life on social media,” said Jean-Pierre. “We understand the business, we understand compliance, we understand the regulatory review behind it. So we can merge these two lives.

Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

MIAMI – (BUSINESS WIRE) – UBS Private Wealth Management announced today that Ron Pillar has joined the company as a financial advisor in South Florida. He will join Integra Partners, a local team led by advisers Brian Beraha, Vicente del Rio and Horacio Aguirre. Ron will advise high net worth individuals and families, as well as business owners who own or have recently left a business in the Technology, Media and Telecommunications (“TMT”) industry.

“We have seen an increase in the number of business owners with TMT companies seeking financial advice in this market,” said Karl Ruppert, South Florida Complex Director at UBS Private Wealth Management. “Ron’s expertise in serving clients in this growing industry will allow us to serve more and more new and existing clients in South Florida. We are delighted to welcome him to UBS.

Ron has over 30 years of investment banking experience, working with clients across all technology industries, with a particular focus on software and communications. Most recently, he was with Pillar Capital Advisors, LLC, an independent M&A and capital raising advisory firm, which he founded in 2014. Previously, he was Managing Director and Head of the Technology Investment Banking Group of JP Morgan .

“Our team is delighted to be working with someone of Ron’s caliber,” said Brian Beraha, Managing Director and Financial Advisor at UBS Private Wealth Management. “His unique skills and experience will be an invaluable asset to our business owner clients as they consider considering transactions and embarking on succession planning.”

Ron holds a BS in BSE from the Wharton School at the University of Pennsylvania and an MBA from UCLA Anderson School of Management, where he was a venture capital scholar.

Notes to Editors

About UBS Global Wealth Management

As the world’s largest wealth manager, UBS Global Wealth Management provides comprehensive advice, solutions and services to high net worth families and individuals around the world. Clients working with UBS benefit from a fully integrated set of wealth management capabilities and expertise, including wealth planning, investment management, capital markets, banking, lending and institutional and corporate financial advice.

About UBS

UBS provides financial advice and solutions to high net worth, institutional and corporate clients around the world, as well as to private clients in Switzerland. UBS’s strategy is centered on our world-leading wealth management business and our leading universal bank in Switzerland, reinforced by Asset Management and Investment Bank. The bank focuses on companies that have a strong competitive position in their target markets, are capital efficient and have attractive long-term structural growth or profitability prospects.

UBS is present in all the major financial centers of the world. It has offices in more than 50 regions and sites, with approximately 30% of its employees working in the Americas, 31% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 20% in Asia Pacific. UBS Group AG employs more than 68,000 people worldwide. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

© UBS 2021. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210901005208/en/

Media contact:

Melisa Chantres

EvClay Public Relations

[email protected]

305-261-6222

https://www.ubs.com

Source: UBS Private Wealth Management

A person should start investing with their financial goals, risk appetite, and age in mind. To navigate the world of finance, you need to have a financial advisor to help them choose the right product.

The investment world offers a plethora of different products, which begs the question of where to invest, how much to invest, how many products and product categories are needed to diversify your portfolio and what asset allocation strategies to adopt. . All these questions can only be resolved by a financial advisor, taking into account the investor’s situation.

Many investors think they can manage their finances on their own. However, this is not a good idea, as you need to be familiar with your finances, the stock market, mutual funds, etc. It is also important to have a good level of temperament in order to make the right decisions. Some investors blindly invest in the winning stocks / mutual funds from the previous year, but don’t know the basics of the game – which the best performing stocks or mutual funds do not guarantee they will stay on top for. always. It is very important to build a well-balanced portfolio that is able to withstand volatility and generate good average returns.

Now you may be wondering, since there is a lot of information available on the net, why would you need the advice of a financial advisor?

Suppose Raj has a list of goals, such as buying a motorbike, taking a vacation with his family of three, and planning his child’s college education. He should approach a financial advisor so that he can build a portfolio containing products tailored to achieve those specific goals.

Let’s understand this in detail: Raj’s plan to fund his child’s education, still ten years from now, is his long-term goal. To achieve this goal, he may consider investing in stocks. Raj might not know whether to invest in stocks or debt. Additionally, Raj might have a hard time deciding which stock / fund to invest in. This is where the financial advisor comes in, and he will help Raj find solutions to these problems.

Here is a list of areas where the financial advisor plays an important role:

Building a strong portfolio:

The financial advisor gives the right advice regarding the investment according to his needs. This helps build a strong portfolio that helps meet financial goals on time.

Financial expertise:

The financial advisor has the skills to study the markets and make investment decisions accordingly. They follow several trainings and certifications to become a financial advisor. This not only maximizes the returns of your portfolio, but also avoids investment mistakes. A small number of investments in suitable products can make a significant difference than investing in products that are not suitable for your needs.

Monitoring your portfolio:

As time is always pressed, investors may not always be able to monitor their portfolios. Monitoring a portfolio involves reassessing the investment performance of the financial product and also ensures that your investments are aligned with your investment objectives.

One-off portfolio takeover:

A financial advisor can suggest portfolio change recommendations based on market performance and expertise.

You have to start investing as early as possible to build a rich future and take advantage of the power of capitalization. A financial advisor is recommended to create a financially secure feature.

The author is co-founder, Tarrakki

DISCLAIMER: Opinions expressed are those of the author and Outlook Money does not necessarily endorse them. Outlook Money will not be liable for any damages caused to any person / organization directly or indirectly.

Copyright 2021 Send2Press Press wire

Advisors aged 60 and over say their age, experience and own financial situation give their clients a sense of comfort.

They say that having decades of experience in allocation of investments and knowing how to handle market downturns, as well as being close to the age of their clients and having a comparable financial position, gives them an edge over younger advisers.

Counselors who are 55 or older make up 43% of the industry’s workforce, and the average age of an FA is 51, according to 2020 data from Cerulli partners. On average, 52% of advisors’ clients are 60 or older, notes Cerulli.

Already advisers during past market crises

There is “no doubt” that the experience of navigating market downturns is something that customers are looking for, according to Blake pratz, 60 years old, founder and managing partner of a registered investment advisory firm Icon Wealth Partners.

“They’re looking for someone who’s been through market cycles, who’s made it through the different types of market downturns,” he said.

A younger advisor who had not been in the industry during the dot-com crash of 2001 or the financial crisis of 2008 would not be able to answer client questions about allowance recommendations in response to these. crises, says Pratz.

“Going through it and being able to relate exactly what you did during that time is huge,” said Pratz, referring to the benefit of the experience.

Clients of the Houston-based RIA also like to see that an advisor has “enough net worth to be aligned with investments,” according to Pratz.

“They can relate to someone who has saved enough, has invested, has the same investments as them and knows what are the ups and downs of certain types of investments,” he said.

Pratz has been in the industry since 1984, when he registered with Dean witter reynolds, according to his BrokerCheck profile. He was registered with seven firms during that 36-year period, including Citigroup Global Markets, Morgan stanley and UBS Financial Services, according to BrokerCheck.

He says Icon, where it has been registered since 2016, has $ 1.9 billion in customer assets.

Customers want gray hair

Ahmie Baum, 66 years old, founder and CEO of Interchange Capital Partners, says his customers, especially business owners, can relate to him.

The Pittsburgh-based RIA provides business owners with services like appraisals, liability and debt management, and exit planning, according to its website.

“Having me there at their age resonates with a younger counselor coming in and saying, ‘You really don’t know what I’m going through.’ There is definitely a feeling of comfort, ”Baum said.

While business owners are open to working with young advisers at Baum’s firm, he said they will often ask to work with him simultaneously because they “want that gray hair, that wisdom and that knowledge base. “.

Baum echoes the fact that young advisers do not have the experience to deal with market downturns.

“You can’t deny that these advisers in their 30s have never been in a bear market. They haven’t experienced much turmoil, ”he said. “There is something very valuable from a client’s perspective in terms of the convenience of having an advisor who has decades of experience.

Baum has been in the industry since 1980, when he registered with EF Hutton, according to his BrokerCheck profile, he was registered with five companies during that 41-year period, including Lehman Brothers and UBS Financial Services, according to BrokerCheck.

He says Interchange, where it has been registered since last year, has $ 400 million in client assets.

Disciplined enough to hold on

According to Sam liebman, 77 years old, founding partner and chairman of Amplius Wealth Advisors.

It is also about understanding the “behavioral” responses to crises, those of his clients as well as his own.

“It’s good to have that experience,” he said. “You don’t do contrary things just for fun, but you don’t follow everyone just for fun, either.”

Helping clients navigate market turmoil helps them develop “a discipline of risk control,” he added.

The RIA company based in Blue Bell, Pa., Also has younger advisers, and Liebman says clients of these FAs tend to turn to him for advice amid uncertain marketplace.

“When times are tough they know I’m there and they ask, ‘What is Sam saying?’,” He said.

Liebman has been in the industry since 1970, when he registered with Bache & Cie., according to his BrokerCheck profile. It has been registered with companies including Prudential securities, UBS Financial Services and Merrill Lynch over that 50-year period, according to BrokerCheck.

He says Amplius, which was approved for registration in February of this year, has just over $ 1 billion in client assets.

Do you have a topical tip that you would like to share with FA-IQ? Write to us at [email protected].

Nearly half of the brokers – including the four wire houses – contacted by FA-IQ are in various stages of reopening and with varying policies on vaccination and mask warrants.

The others either declined to share their current plans to return to the office or were unwilling to reveal them at this point.

[Editor’s Note: Scroll down for table of responses.]

Advisors to Goldman Sachs have been back in the office since June 10 and the cabinet is asking them to disclose their immunization status, a spokesperson said.

For those who are not vaccinated, masks should be worn in the office and Covid-19 tests are required weekly.

RBC Wealth Management has had employees in the office on a voluntary basis since Sept. 7 and is expected to undergo a full return on Oct. 4, according to a spokesperson.

The firm encourages vaccines and / or masks, but these are not requirements, adds the spokesperson.

“The health and safety of our employees and customers is our top priority,” wrote a spokesperson for RBC Wealth in an email. “RBC is currently strongly encouraging vaccinations where possible for our employees, while also requiring employees to wear masks and maintain physical distances in accordance with local guidelines. “

As the pandemic evolves, RBC Heritage will continue to monitor public health and government guidance as well as developments related to the virus and its variants, according to the spokesperson.

Raymond JamesThe office has been opened to employees who wish to enter voluntarily, and a full reopening is not expected until October 11 at the earliest, according to a spokesperson.

This is an adjustment from a previous plan for Raymond James employees to return to the office on September 13. In a letter to Raymond James partners and advisors in July, the President and CEO Paul reilly wrote that the company was anticipating the September date but would make the necessary adjustments in light of the pandemic and adopt more flexible working arrangements.

“As we continue to monitor the reports from health officials and recognize how quickly things can change, I am delighted to say that we are ready to go back to the office, to be together again,” Reilly wrote in July.

Stifel Financial leaves specific return-to-office dates at local branches, and unvaccinated employees are required to wear masks, according to a spokesperson.

Stifel has taken a localized approach to dealing with issues related to Covid-19, which “has worked well throughout the various stages of the pandemic,” a spokesperson for Stifel wrote in an email. “The health and safety of our employees guides our policies and we understand the need for flexibility as conditions change”

The company balances the safety of its employees with the belief that work and collaboration in person is important.

“In general, there is no doubt for us about the importance of being physically together. The benefits are clear – in training, collaboration, innovation, networking and more, ”said the spokesperson.

LPL Financial employees will return to the office “when the time is right,” according to a spokesperson. The firm is closely monitoring the pandemic, including the spread of the delta variant, the spokesperson notes.

“[W]We continue to seek advice from health and government agencies, as well as key medical professionals, ”the spokesperson wrote in an email. “We will take a thoughtful and phased approach to getting employees back to the office when the time is right. “

spokesperson for Ameriprise Financial, Group of advisers, Cetera Financial Group, Commonwealth Financial Network, Edward jones, Janney Montgomery Scott, JP Morgan declined to comment or did not respond to requests for information.

JPMorgan has turned the tide by allowing employees vaccinated against Covid-19 to be in the office without wearing a mask.

“If you are fully vaccinated, you are required to wear a mask in all common areas of our buildings, including when moving between offices / moving on the floor, in elevators and in pantries, cafes, halls, etc. Jamie Dimon and the rest of JPMorgan’s operating committee wrote in the memo reported by Bloomberg earlier this month. “You can remove your mask in conference rooms or in your workspace where you can socially distance yourself. “

Wirehouses

Among the spinning mills, Wells fargo recently pushed back his planned return to power date from September to early October. The firm is encouraging but does not require vaccines and will require masking in all of its locations.

Merrill Lynch asks employees to come back to the office after Labor Day. The company does not require vaccines but encourages employees to obtain them and inform the company of their status. Merrill employees will also be required to wear masks in the office, except at their desks.

Morgan stanley requires vaccines for employees at its New York and Westchester, New York offices, where many of its employees are based, though policies vary elsewhere. In offices where vaccines are mandatory, it will not require a mask. The company also doesn’t impose a return-to-work deadline, although the CEO James gorman urged employees to return if they can.

UBS did not respond to a request for comment on its policies. CEO Ralph Hamer wrote in Time magazine earlier this month that the financial services industry must embrace hybrid working arrangements because clients, not just staff, are ready for a transition.

Editor’s Note: Story updated at 1 p.m. ET

In LinkedIn earlier Friday, RBC President and CEO Dave mckay wrote that the bank requires employees to be vaccinated before returning to the office.

“We believe vaccines are the best way to keep our workplaces safe and to help our communities reduce the spread of COVID-19 variants such as Delta. This is why RBC will require that all employees be fully vaccinated to work in any of our premises, in areas where we are authorized to do so, ”he wrote on the post.

“This effort will begin in Canada and the United States, where those who can be fully immunized will have to do so by October 31,” he added.

RBC will continue to monitor evolving government and public health guidelines and adjust its health and safety policies as necessary, according to McKay.

“Nothing is more important than the health and well-being of our clients, colleagues and communities,” he wrote on the post.

– With additional reporting from Peter Rawlings

Do you have a topical tip that you would like to share with FA-IQ? Write to us at [email protected].

No income tax is payable on the investment gains realized in the life annuity.

Hedley Lamarque, Financial Planner at BDO Wealth Advisers respond :

Unfortunately, for tax purposes, a person cannot deduct fees for advice, management / administration, etc. of his life annuity income.

A person pays tax only on the amount of income from the annuity (if the person’s total taxable income is above the tax threshold).

No income tax is payable on the investment gains realized in the life annuity.

It should also be remembered that a person would have benefited from a tax deduction, in previous years, for the contributions paid to the fund which gave rise to the life annuity, for example, retirement annuity, pension fund, etc.

Questions can be edited for brevity and clarity.

We live in a world where fact and fiction collide

In uncertain times, you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analysis, investigative journalism, leading opinions, and a range of features. Journalism strengthens democracy. Invest in the future today.

The Dayton Financial Advisor is a retirement planning company. In a recent article on the website, they outlined the basic steps of financial planning.

Beavercreek, OH – Financial advisor Dayton outlined the steps in their dayton financial planning services in a recent article on the website.

Designing a personalized plan is one of the most important parts of a financial strategy. Once the advisor understands the client’s financial goals, he will explore the investment strategy and avenues that best complement those goals. The team understands the importance of personalization because no two customers or situations are the same.

The next step is to implement the personalized and personalized plan. After learning and understanding everything unique to a client’s needs, the team will implement the strategies.

Review and follow-up is the last step in a financial plan. A financial plan is not set in stone. It is intentionally flexible. Life can change in an instant, and the dayton financial planning techniques must take this into account. The team can revise the plan to adapt to changes in the markets, political scene, economic climate or the client’s personal life.

About Dayton Financial Advisor

Dayton Financial Advisor is an independent retirement advisory group dedicated to helping people achieve their retirement goals. Being independent means that they provide access to many of the financial investment tools available. They are not only independent but also fiduciary. This means that the agency is required by law to put the welfare of the client above all else. What makes them unique is their commitment to providing service, not the amount of commission they can earn. They only work towards the ultimate success and the best interests of their clients.

Media contact
Company Name: Dayton Financial Advisor
Contact person: Media relations
E-mail: Send an email
Call: (937) 576-8939
Address:4031 Colonel Glenn Road
City: Castorcreek
State: OH
The country: United States
Website: http://financialadvisordayton.com/