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Got Questions We got Answers!

• Are you a Fiduciary?

  Fiduciaries work in the best interest of the client. Non-fiduciaries only need to recommend products that are “suitable” — even if they’re not the lowest-cost or most ideal for you. That’s why you want to know about the fiduciary rule and ask potential advisors if they follow that standard.

  @ANCHORY we proudly follow the Fiduciary standard.

• How do you get paid?

  Advisors can use a variety of fee structures. To keep it simple and avoid conflicts of interest, we think you should focus on fee-only advisors. They don’t get commissions for selling products. Fee-only advisors might charge a percentage of the assets they manage for you, a flat fee for services, or an hourly fee.

  @ANCHORY we offer several Fee-Only Services please see the above plans.

• Who is your custodian?

  Ideally, your financial advisor has hired an independent custodian, such as a brokerage, to hold your investments. Be careful if a financial advisor acts as his or her custodian, you could run into potential danger à la Bernie Madoff, the notorious financial advisor who defrauded clients through a multibillion-dollar Ponzi scheme. Asking this question provides an important safety check.

  @ANCHORY we use TDAmeritrade & Charles Schwab as custodians.

• What professional credentials do you have?

  You should work with an adviser who has some sort of financial planning or investment-related credentials. Two of the most popular are the Certified Financial Planner (CFP) designation and the Chartered Financial Analyst (CFA) designation. Nearly all credentialing programs I am aware of have a work experience requirement, so you can be assured that if you hire a credentialed adviser, you won’t be their first client.

  @ANCHORY you will work with a dedicated advisor that holds the Certified Financial Planner (CFP®) designation.

• What tax hit do I face if I invest with you?

  This question helps ensure the advisor has your tax bill in mind when making financial decisions. Asking about taxes and fees is a way to explore what your estimated net return might be.

  @ANCHORY we care about your bottom line. That means were are being as tax-efficient as possible.

• How to Prepare for a Meeting with a Financial Advisor

  Meeting with a financial advisor can be a daunting task, especially if you're not sure what to expect or how to prepare. But with a little bit of research and planning before you meet with financial advisor, you can ensure that your meeting is productive and that you get the most out of the experience.

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• Why You Should Consider Hiring a Certified Financial Planner (CFP®) for Your Financial Needs

  Discover the benefits of working with a certified financial planner (CFP®). Certified Financial Planners provide comprehensive financial planning, investment advice, retirement planning, estate planning, tax planning, and insurance planning. Learn how a CFP® can help you achieve your financial goals and live a financially secure life."

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