Financial services
Financial Advisor
Before hiring a financial advisor, it helps to understand exactly what a financial advisor does and who should take advantage of their services.
A financial advisor is a certified professional who helps people manage their finances. In other words, an advisor creates a path to your financial goals and helps you progress along that path. The term adviser encompasses any type of investment manager or financial planner. Nowadays, even digital investment platforms use the term, e.g., robo-advisers.
Financial advisors help people deal with some of the more complicated matters surrounding personal finances such as finding the best life insurance policy or saving for retirement or putting money aside for college educations. In addition to investment counseling, a certified financial planner can also advise on other matters that affect your finances such as insurance and taxes.
Usually, John Savadjian begins by examining your current financial situation to get a complete picture of your debts, your assets and your regular expenses. He can then identify areas for improvement. His next step is to ask about your long-term financial goals and then to devise a plan to meet them. For instance, John's extensive financial knowledge can guide you toward specific investments in stocks or bonds that will raise the value of your overall portfolio.
In addition to helping you save for retirement, John Savadjian can also help with things like debt servicing and refinancing or purchasing real estate.
Fiduciary
When you hire a financial advisor, it is important to establish that they have a fiduciary duty to you. A fiduciary is held to a higher standard than a nonfiduciary. In other words, a fiduciary financial adviser has an obligation to put your needs above his own and act in your best interest, which includes giving unbiased advice. For example, they aren’t supposed to receive commissions from companies by getting you to invest in their financial vehicles. In essence, a fiduciary duty is a guarantee that an adviser will not get you into investments that are profitable for them but not the best fit for you.
As a fiduciary, John Savadjian’s principal concern is his clients. Consequently, John develops special relationships with the people whose money he manages. Over the decades, he has helped both businesses and families structure their insurance and retirement needs, preserve their wealth, and leave lasting legacies through a careful combination of prudent financial management and estate planning.
Before hiring a financial advisor, it helps to understand exactly what a financial advisor does and who should take advantage of their services.
A financial advisor is a certified professional who helps people manage their finances. In other words, an advisor creates a path to your financial goals and helps you progress along that path. The term adviser encompasses any type of investment manager or financial planner. Nowadays, even digital investment platforms use the term, e.g., robo-advisers.
Financial advisors help people deal with some of the more complicated matters surrounding personal finances such as finding the best life insurance policy or saving for retirement or putting money aside for college educations. In addition to investment counseling, a certified financial planner can also advise on other matters that affect your finances such as insurance and taxes.
Usually, John Savadjian begins by examining your current financial situation to get a complete picture of your debts, your assets and your regular expenses. He can then identify areas for improvement. His next step is to ask about your long-term financial goals and then to devise a plan to meet them. For instance, John's extensive financial knowledge can guide you toward specific investments in stocks or bonds that will raise the value of your overall portfolio.
In addition to helping you save for retirement, John Savadjian can also help with things like debt servicing and refinancing or purchasing real estate.
Fiduciary
When you hire a financial advisor, it is important to establish that they have a fiduciary duty to you. A fiduciary is held to a higher standard than a nonfiduciary. In other words, a fiduciary financial adviser has an obligation to put your needs above his own and act in your best interest, which includes giving unbiased advice. For example, they aren’t supposed to receive commissions from companies by getting you to invest in their financial vehicles. In essence, a fiduciary duty is a guarantee that an adviser will not get you into investments that are profitable for them but not the best fit for you.
As a fiduciary, John Savadjian’s principal concern is his clients. Consequently, John develops special relationships with the people whose money he manages. Over the decades, he has helped both businesses and families structure their insurance and retirement needs, preserve their wealth, and leave lasting legacies through a careful combination of prudent financial management and estate planning.