As seen in
Houston Five Star award winner

THE RIGHT FINANCIAL ADVISOR: YOUR PARTNER FOR LIFE. . . AND BEYOND

Investing for retirement, managing taxes, insuring against loss, paying for college, planning your estate and the transfer of wealth to future generations… financial concerns have never been more complicated. Many people try, and fail, to master all of these things on their own. Others may believe that the cost of having a professional help is too prohibitive.

Financial success is a journey, not a destination. Choosing a financial advisor to help navigate your financial future should be based on credibility, capability, and compatibility. You are looking for a trusted partner. Here are a few tips to help you find the right match.

CREDIBILITY

The starting point should always be validating the advisor’s and the firm’s credibility. For example, does this person have the right credentials? Do you know anyone who does business with the firm? Are references readily available? You can also use a tool like BrokerCheck and Investment Adviser Public Disclosure to find out more about the advisor or their firm. A little due diligence goes a long way.

CAPABILITY

Now that you are comfortable that the advisor is ethical and trustworthy, it is time to find out if the firm’s capabilities match your individual, family, and/or business needs. For example, if you are a business owner that needs advisory services beyond just financial planning, is that available? If there a life event that is the catalyst driving you to look for help, have they helped others in the same situation? This part of the discovery process is to help you feel comfortable that you are making the right choice.

COMPATABILITY

Since your financial advisor is going to play such a prominent role in your life on a long-term basis it is incredibly important to ensure that the personality and communication style is a good fit. Finding an advisor that shares the same core values and life principles can help forge a partnership that is built to last.   

WHAT’S TRULY IMPORTANT TO YOU AND YOUR FAMILY?

The most important component in reaching your long-term financial goals is to begin with an honest assessment of where you are today. This simple step will help you enable your advisor to create the most appropriate strategies, plan, and tactics for your financial success.

Taking a comprehensive approach to achieving all your financial dreams requires an effective wealth management strategy beyond just taking care of your investments. Consider addressing your advanced planning needs, including wealth protection, tax strategies, insurance planning, asset protection, charitable giving, and wealth transfer, just to name a few things.

Choosing a financial advisor might not be an easy task, but when you use the right formula to choose a financial advisor who becomes a trusted partner, the financial implications can last generations.

 

Click to access BrokerCheck
*Winners appearing on this page do not pay a fee to be considered or to win the Five Star Award. Professionals with a digital profile have paid a promotional fee.
The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one client’s experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their client’s assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 2,992 Houston area wealth managers were considered for the award; 209 (7 percent of candidates) were named 2019 Five Star Wealth Managers. 2018: 3,114 considered, 218 winners; 2017: 2000 considered, 228 winners; 2016: 1763 considered, 437 winners; 2015: 2289 considered, 408 winners; 2014: 3958 considered, 410 winners; 2013: 3001 considered, 504 winners; 2012: 2105 considered, 425 winners.