What is Financial Planning?
Financial planning is the process of creating a strategy to manage your money in order to achieve your financial goals. This may include setting a budget, creating a savings plan, investing, and protecting your assets with insurance. Financial planning can help you make the most of your money, no matter what your financial situation is. It can help you prepare for the future and make smart decisions about how to spend, save, and invest your money.
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How do we help?
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The purpose of a financial advisor is to provide guidance and advice to individuals or businesses on how to manage their money in order to achieve their financial goals. Financial advisors can help with a wide range of financial decisions, such as investing, retirement planning, estate planning, and tax planning. They can also help clients to understand complex financial products and make informed decisions about their finances. By providing objective and expert advice, financial advisors can help their clients to make the most of their money and reach their financial goals.
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For Main Street, not Wall Street
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Today's financial services industry is focused on helping the have a lots, have more. We are focused on helping everyday Americans, the everyday person, reach their financial goals. New to investing? Don't know where to start? We can help. Inherited assets from family, but don't know who to turn to? We can help. Wanting more from your financial advisor, or not sure if you can trust them? We're happy to offer a second opinion.
Creating Value
Vanguard estimates an advisor can improve investor returns, by up to 3%, each year, through strategies such as cost-effective implementation, timely portfolio rebalancing, behavioral coaching, proper asset allocation, asset location, proper withdrawal sequencing, and total-return-based investing.
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Source: Vanguard, Putting a value on your value, February 2019. See additional disclosures below.
What does 3% look like?
With Advisor
$1,168,373
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Without Advisor
$656,243
The chart assumes the hypothetical growth of $100,000 over 30 years with annualized returns of 5% and 8%. The returns and this chart are for illustrative purposes only and do not represent actual investment returns, trading activity, or performance. The increase of 3% may be achievable by investment advisors who implement best practices and strategies for serving their clients. Specifically: suitable asset allocation using broadly diversified funds / ETFs, cost-effective implementation (expense ratios), rebalancing, behavioral coaching, asset location (allocation of assets between taxable and tax-advantaged accounts), spending strategy (withdrawal order), total-returns versus income investing. A link to the white paper supporting this claim can be found below. Jeffries Wealth Management, LLC believe that our advice, software, and product offerings align with these best practices by either providing features that allow for them (i.e. offering commission-free, low-expense-ratio ETF trading, rebalancing, and tax advantaged accounts), implementing a consistent behavioral coaching component to our financial advice, and/or creating efficiencies for our firm through streamlined software so that they can spend more time on other best practices such as the ones described by Vanguard, listed below.
Source: Vanguard, Putting a value on your value, February 2019
