Financial Professionals: who is the right person for you?

By: Oxana Saunders

image courtesy of Wikipedia

image courtesy of Wikipedia

As I tell people what I do for a living, I’ve come to realize that few understand the difference among various financial professionals. I cannot blame them. Our industry has adopted ambiguous titles such as “financial advisor,” “wealth advisor,” and “financial planner,” none of which are properly defined.

Strictly speaking, there are only two categories requiring a license and regulatory oversight: “Investment Advisor Representatives (IARs),” and “Registered Representatives (RRs).” The main difference is that IARs must put their interests before yours, while RRs do not have to.

IARs work for Registered Investment Advisors such as Path Financial and are widely considered to have few conflicts of interests with the clients they advise. On the other hand, RRs work for Broker-Dealers and recent regulatory initiatives specifically address the fact that their advice is often in conflict with their clients’ interests. (Click here to read Path Financial President Raul Elizalde’s March 2017 editorial in the Sarasota Herald Tribune on this topic.)

Understanding the difference between both is very important when deciding who is best suited to your particular goals. The Forbes article linked below expands on describing the different kinds of financial professionals, and describes how each are compensated.

forbes logo image

Differences Between Stockbrokers, Investment Advisors And Financial Planners

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Oxana Saunders Vice President Path FinancialOxana Saunders is the Vice President of Path Financial, LLC. She may be reached at 941.894.2571 or oxana@pathfinancial.net.

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Sarasota Financial Advisor Discusses Retirement, Planning, & Mistakes to Avoid

Oxana Saunders Vice President Path FinancialEarlier this year, Sarasota financial advisor Oxana Saunders, Path Financial’s new Vice President, was featured in the Sarasota Herald Tribune‘s monthly magazine, STYLE. Interviewed by writer Su Byron, Oxana answered questions on the qualities needed to be a successful financial advisor, what people in their 40s should be doing to prepare for retirement, and the top investing mistake people make when saving for retirement.

Click on the image below to read the story in full.
style magazine article

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Choosing the Right Financial Advisor

By: Oxana Saunders

choose the right financial advisor

As I spend more time talking to my friends, family and community members about the importance of financial planning, I realize that the thought of paying a financial advisor may seem unnecessary to some people. Sometimes they simply choose not to have their money professionally managed rather than going through what they fear might be a complicated process of finding the right person. One of the main concerns I hear is that they find it difficult to trust an advisor they don’t know.

Choosing the right financial advisor doesn’t have to be hard. This article from Forbes.com, does a great job spelling out the five key aspects to consider when selecting a financial advisor: 5 Things To Look For When Picking A Financial Advisor.

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Oxana Saunders Vice President Path FinancialOxana Saunders is the Vice President of Path Financial, LLC. She may be reached at 941.894.2571 or oxana@pathfinancial.net.

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