Meaningful Differences

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
Compensation Fee-Based, Commissions Fee-Only
Sources of Revenue Fund Companies, Insurance Companies, Product Sales Client Only
Culture Sales Service
Structure Each Advisor has “own book” Collaborative Team
Investing Strategy Active Evidence-based
Wealth Management Primarily Investment Management Comprehensive Financial Planning and Integrated Investment Management
Investment Control Discretionary Non-Discretionary with an Investment Policy Statement
Average Clients per advisor 300 50
Regulatory Requirement Suitability Standard Fiduciary Duty
Compensation Commission & Bonus based on Assets Under Management Salary & Bonus based on Client Satisfaction and Planning & Investing Expertise
Advisor Priorities Sales Quota Client Retention
Industry Exams

Series 7

(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)

Certifications 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.

 

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