The financial services industry can be confusing with its many titles, like "broker" and "advisor," and seemingly endless industry jargon. These titles can sound similar, but have drastically different implications for investors. Maybe you've heard the term "fiduciary investment adviser" or "fee-only financial advisor" but less than 1 out of 10 investment professionals meet these industry specific terms.
Simply put, a fee-only financial advisor (aka fiduciary) is someone who acts in the best interest of their clients at all times. Registered Investment Advisers (RIAs) are required to register within the states they conduct business or with the Securities and Exchange Commission (SEC) who require them to operate as a fiduciary, always putting their client's interests first.
Unfortunately, not every investment professional is a fee-only advisor. 9 out of 10 people calling themselves "financial advisor" or "broker" are not held to the fiduciary standard and can sell you financial products that earn them commission. This may create incentives for them to recommend products that are not necessarily in your best interest — it simply earns them their highest commission.
At McGervey Wealth Management, we provide a straightforward and simple fee structure, acting in a fiduciary capacity, putting your interests first every time. We are a fee-only financial advisor, meaning your fee is based strictly on your account size, and is our only form of compensation.
Trust can be difficult to come by when your advisor is not acting as a fiduciary and may be recommending investment products that aren't in your best interest. That's why McGervey Wealth has been a fee-only financial advisor for over 10 years.
Commissions and trading costs are eliminated from our client's lives. We only place trades in your account based our investment committee's expectations in the market, providing clients peace of mind, knowing that every decision we make on their behalf is strictly for their benefit.
As a client of McGervey Wealth, you will be paired with a dedicated relationship manager who understands your hopes and aspirations, and provides clear communication, answering any questions you may have. We encourage you to ask questions you have regarding your investments. It is your money: you deserve to understand exactly what is going on. Our team meets with you regularly to ensure the comprehensive plan we developed together remains consistent with your goals and financial situation. Together, we want to guide you from where you are to where you aspire to be.
By working with a fee-only advisor like McGervey Wealth Management, you can be assured you’re getting investment advice from a firm that has the obligation to disclose conflicts of interest and put your interests ahead of its own. With our fee-only structure, you can rest easy knowing that every decision we make is only to increase your wealth. To learn more about McGervey Wealth, contact us today or get your Wealth Score to see how you stack up for retirement.
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Steps to Your Future
Get started with our comprehensive financial planning process: The McGervey Method™
1. CONFIDENTIAL PROFILE
Before our first meeting, you can download a confidential introduction packet below, so we can be prepared to discuss your financial situation.
2. INTRO MEETING
This is your opportunity to tell us more about yourself and to hear how we work. We’ll present our approach as it relates to your confidential financial picture.
3. FACT FINDER
If you like what you hear, then we get to work. You provide us more detailed information so we can prepare various scenarios designed to create and optimize your wealth.
4. STRATEGY SESSION
With your data in hand, we develop and then present various scenarios to you — all custom-tailored to your personal and business situations today and your wealth goals for tomorrow.
5. IMPLEMENT PLAN
Once you select the scenario that best fits your financial goals, personal values and present circumstances, we put it all in motion.
6. REVIEW & ACCOUNTABILITY
Just like you perform maintenance on your car, it is even more important for us to be vigilant in regular review of your wealth plan.
Download Our Client Confidential Profile Packet
If you'd like to schedule an introductory meeting with us now, please visit our online booking calendar or call us at (330) 493-9300 today.