It is fairly common knowledge that a financial advisor’s job is to help their clients manage their money. However, there is more to it than that. What do financial advisors do? Financial advisors help their clients establish and manage their financial portfolios...
Have you ever wondered how a financial advisor gets paid? There are two main methods: fees for services and built-in commissions. Fees for Service In the fees for service method, an advisor might charge a fee by the hour. Built-In Commission A built-in commission...
Why are financial reviews important? Financial reviews keep the flow of communication between you and your financial advisor. Financial reviews are important to: Update changes to your account and policy informationAdvise you of new products and services that may...
At Simplified Financial, we often hear this: I don’t need insurance. I’m covered under my spouse’s plan.— Common Client Response Many people believe that having coverage under one spouse is enough. However, standard group plans do not always...
The type of policy has no bearing on the beneficiary designation, whether the policy is Whole Life, Universal Life, or Term Insurance. However, be sure to legibly list the correct names of your beneficiaries on all your group, life, and investment policies. Otherwise,...
Employee Assistant Programs (EAP) are used to assist employees and families with well-being and productivity in the workplace. It develops workplace health through strategic prevention, focusing on an employee’s strengths and resiliency. EAPs promote successful...
