frequently asked questionsWhat is a Registered Investment Advisor?
A Registered Investment Advisor (RIA) is a firm registered with either the Securities and Exchange Commission (SEC) or the securities division within the states in which it operates. The role of the Registered Investment Advisor is to provide financial advice and investment advice to its clients for a fee.Why should I work with a RIA?
RIA firms are committed to providing professional financial advice that expands beyond a portfolio of investments. They typically consider the multiple components of your financial situation to determine which course of action is appropriate for you. More important, RIAs are held to a fiduciary standard.What is a fiduciary?
As a fiduciary, your RIA has an obligation to act in your best interest when rendering financial and investment advice. In addition, that RIA must disclose any inherent conflicts of interest with its recommendations. Broker/Dealer agents are not held to this same standard.How is A.J. Brooker Financial Associates compensated?
A.J. Brooker Financial Associates is compensated based on a fee for service, in the same manner that you would pay your attorney or CPA for their expertise. The financial plan is based on an hourly rate whereas the portfolio management is an annual percentage of the assets that we manage on your behalf. You can rest assured that your initial consultation with A.J. Brooker Financial Associates is at no charge to determine if we are a good fit for your needs. When appropriate, A.J. Brooker Financial Associates recommends various types of insurance in order to manage certain risks for its clients. In those situations where the firm receives a commission for the insurance, that information will be fully disclosed to you in order for you to make an informed decision.What strategies do you use to manage your clients’ portfolios?
When designing each client’s portfolio, we diligently seek out investment options that match our clients' goals, tolerance for risk, time horizon, and any other specific needs. We believe in maintaining proper asset allocation within the portfolio and are not influenced by short term fads in managing assets. In addition, we partner with your team of professionals, including your CPA and attorney, to ensure that our recommendations compliment your existing tax or estate planning strategies.What should I bring to my first consultation?
During your first consultation, you should bring any and all information that would give your advisor a clear and complete picture of your financial situation. This includes, but is not limited to your most recent:
- Bank statements
- Brokerage statements
- Retirement plan statements
- Past 3 years tax returns
- Mortgage statement
- Itemized list of all debts including: lender, balance, interest rate, term, and monthly payment
- Annual budget
- Will and trust documents
- Life insurance statements
- Disability insurance statements
- Long-term care documents
Perhaps the most compelling reason is because of our independence. All of our workshops are developed for the sole purpose of educating your employees and equipping them with the tools necessary to make wise, calculated financial decisions. Since we do not administer your retirement plan, we have no vested interest in which investments your participants choose within the plan. In fact, we are more concerned that your employees understand what options are available to them, and how a combination of the investments can work together to accomplish their retirement goals.My workforce has various needs. How do your seminars address these?
While retirement is important, we realize that a significant percentage of your employees may need financial education that extends beyond retirement planning. For this reason, we are prepared to address an array of topics including: budgeting and debt management, insurance considerations, college funding, and the basics of estate planning.How often should we host a financial education event?
In order for this initiative to be most effective, it should be viewed as an ongoing commitment as opposed to an annual event. That being said, there are multiple ways to implement this into your benefit offerings so that you get the best value for this service. For instance, you may choose to host a different workshop each quarter and distribute monthly newsletters that address timely financial issues. Or, you may find that webcasts work better for your organization. After gaining a clear understanding of your workforce, we will be able to help you decide which option works best for you.How can the Financial Wellness Annual Physical help our employees?
By offering your employees the opportunity to work one-on-one with a financial advisor on an annual basis, they will be empowered to organize their financial affairs, prioritize their short and long-term financial goals, and implement actionable steps to improve their financial health.