Investors are bombarded with information these days on the best ways to invest and strategies for handling their finances. What they may not realize is that much of the information they get about investing is driven by people selling products and services. Even when financial writers pen articles, the information given is often from the financial sales world and is many times oversimplified to the point of being nearly useless to the reader.
Financial planning can seem complex and the process daunting to the lay person trying to navigate a path for themselves and their lovedones. That is because there are so many variables—such as income differences, tax considerations, varying goals and challenges, availability of workplace benefits, and the list goes on.
This is where we come in. At Paul Winkler, Inc., all of our planners have been in the profession for decades. We all came from the traditional side of the industry: working for banks, wire-houses, mutual fund companies, and brokerage firms. Those experiencesuniquely equip us to help you avoid the pitfalls and traps that await the unwary investor.
We don’t believe the problem necessarily stems from financial providers knowingly trying to mislead the public. The problem is that the level of education of those in financial services is often rudimentary at best. The primary training, that wereceivedwhen workingfor the biginvestment firms, was how to sell the company’s products. Wesounded like weknew what wewere talking about, but that was only because the clients knew so much less than wedid.
At Paul Winkler, Inc., we address this problem by requiring that all of our advisors have degrees (which is a rarity in this industry). Our advisorsalso pursue advanced designations and none of them work on commission.
For those interested in our services, the process starts by looking at where they are now and assessing what they need to know. Few investors really understand the investments they currently own and that creates a lack of ease and comfort around investing. People tend to fear that which theydon’t understand and second-guess their decisions—often at the worst times. This leads to under-accumulating for retirement and missing goals.
People also struggle in getting their financesorganized. They may not understand how all the financial pieces fit together, and thus, miss opportunities that can lead to greater financial security.
A tremendous amount of research has been done to identify the factors that cause some to reach financial success while others remain confused and worried about their financial future. Again and again, the answer comes down to planning. Most people spend more time planning for vacations than they do their financial futures. It is often from fear of not knowing what to expect or the fear of “being sold” that people avoid engaging in the process.
I believe the process ought to be fun and it should never be driven by sales. Wehave found that the end result of our coaching and planning process is that the client, often for the first time in their life, gains a clear picture of their purpose. They can finally relax about money because they understand where they want to go and how to get there.
The next step is up to you. It all starts with a free initial consultation in any of our offices throughout Middle Tennessee. Don’t wait another day! The only thing you have to lose is the fear and the concerns that you have around your finances. It’s time for you to relax about money.