Due diligence is difficult. We hope this table helps you do a great job, so you get the most value from your advisor relationship. The two tables compare and contrast advisory firms and advisors, respectively.
||Typical Advisory Firm
||Journey Wealth Partners
|Sources of Revenue
||Fund Companies, Insurance Companies, Product Sales
||Each Advisor has “own book”
||Primarily Investment Management
||Comprehensive Financial Planning and Integrated Investment Management
||Non-Discretionary with an Investment Policy Statement
|Average Clients per advisor
||Commission & Bonus based on Assets Under Management
||Salary & Bonus based on Client Satisfaction and Planning & Investing Expertise
(Required for Registered Representatives to earn commissions)
CERTIFIED FINANCIAL PLANNER™
(One of the industry exams to work for a Registered Investment Advisory Firm and must adhere to Fiduciary Oath)
||None or Alphabet Soup
||CERTIFIED FINANCIAL PLANNER™
|Measure of Success
||Assets Under Management through Sales and Investment Performance
||Client Goals achieved through Implementing plans and strategies
Read this illuminating post from the Above the Market blog, A Hierarchy of Advisor Value, to learn why the differences above are meaningful for you. Be sure to read the closing paragraph.
Ask us for a competitive analysis of risk, return, fees and all-in costs and benefits.