Archive for June, 2009

A Way to Find an Advisor

Many people trying to find a financial advisor do not use a particular methodology or rankings system, but instead depend on reputability, location, and other factors that do not assert an advisor, or wealth management firm’s, actual ability.  When making investments, and seeking advice, it is important to find the certified financial planner who will do the best job, even if they may not be the most convenient option.  A great way to do this is to utilize Jack Waymire’s Paladin Registry.  Here is some information on the registry:

“Because of the risky game investments offer, many individuals seek the advice of a “professional” financial advisor. The reason you place “professional” in parenthesis is because not all of these so called “professionals” are actually professionals.

To avoid a lot of the confusion, Jack Waymire, an individual with 28 years of experience in the financial services industry created the Paladin Registry (PaladinRegistry.com).

While the web site was initially created to provide a byproduct to the advice book Waymire wrote in 2003 (titled “Who’s Watching Your Money?”), Paladin has since expanded to become the number one source for financial advisors nationwide.

Today the registry provides a listing of essentially the 1,000 top financial advisors in the nation. The registry screens over 16,000 advisors and only selected around 1,000 to make the cut. These 1,000 or so financial advisors are defined as 5-star advisors.

The registry was created to provide additional information to investors and an objective source for finding the appropriate financial advisor. The web site is strictly third party and entirely objective, because the site does not hold any licenses allowing them sell investments or insurance products.

The fair objectivism along with the abundance of experience and knowledge in the industry has sprung the Paladin Registry into the strictest and toughest registry for financial advisors to crack in the entire web.

Generally investors are very subjective when picking a financial advisor. Often they merely make the choice based on the advisor’s personality or people skills.

The registry was created to provide an additional source, analyzing the advisor’s competence, ethics, and business practices.

While the Paladin registry is designed to weed out the good advisors from the bad, the creator of the web site highly recommends that the investor conducts further research on the advisor.”

Being able to use a registry like this will allow for the best financial planning help to be available to you.  Being able to, for instance, weed out the poor financial advisors in an area, and find the best in Philadelphia private wealth management, NJ wealth management, or financial planners from anywhere, will greatly lower risks while investing and create a greater potential for reward.

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Preparing For the Worst

A scenario that many Americans do not properly prepare for is with concern to their health.  Many Americans do not realize that there is a chance that they will not be able to perform their job at some point in their life because of a health disability or illness that may strike at one point or another.  Although this may not come true, it is important to at least have some safety plan in place.

Most Americans are not prepared to deal with the possibility of becoming disabled due to sickness or injury and leaving the workforce for an extended period of time. In fact, more than half of U.S. adults said they would be unable to pay their bills or meet expenses if they became disabled and could not work for a year or longer, according to a recent National Association of Insurance Commissioners (NAIC) study.

And the possibility of becoming disabled and unable to return to work is quite high for many Americans. One-fifth of this nation’s population will actually become disabled for a year or more before reaching age 65, according to the Social Security Administration (SSA). The most common causes of long-term disability are heart disease, back injuries and cancer, followed by stress, anxiety and depression according to the U.S. Department of Education and the National Institute on Disability and Rehabilitation. By contrast, slightly more than one in 10 Americans surveyed by NAIC say that it is somewhat or very likely they would become disabled and unable to work.

By trying to find a financial advisor, consult a private wealth management firm, or use a financial planning guide, it is important to find a plan to prepare for a potential illness or disability.  By having this type of insurance policy, the future will not have to be of worry every time you get sick, and you will not have to try to work through poor health if it ever strikes.

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