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Experience that Matters

When it comes to managing your money—long-term investments, financial and estate planning, building wealth—few of us are equipped to handle it alone.

In particular, advancing in life often means being busier and gaining in wealth, which also means your financial goals—and options—get much more complicated. Having the right partner in these matters is key.

We are happy to introduce you to the professionals on the following pages and to let them share their skills, qualifications, accomplishments, and specific areas of expertise.

Whether you are getting ready to make a significant change, such as affording a new home or retiring, or you simply crave a clear-eyed overview of the interplay of your varied assets and how best to handle them, these experts have years of experience.

 

RUSTY WELCH / Resiliant Financial

340 Lariat LN, Colorado Springs, CO 80921, 719-205-5551, resilientfinancialco.com

 

RAYMOND JAMES / Thoughtful service and tailored strategies, with your needs at the center.

102 North Cascade Avenue, Suite 600,  Colorado Springs CO 80903,  719.632.0266 / 866.279.2876,  raymondjames.com/coloradospringsoffice

 

PAUL MILLIGAN / Andrew Wommack Ministries

PO Box 3333, Colorado Springs, CO 80934, 719-219-6334, awmi.com

 

MAILE S. FOSTER, CFP /  McAlpin Foster Advisors

422 E. Vermijo Ave., STE 310, Colorado Springs, CO 80903, 719-219-6334, mfaplan.com

4 questions to ask when choosing a financial advisor

1. What is the fee structure?

Some planners work on a commission basis, earning their money based on what happens to your money. This tie could offer incentives to steer your financial decisions in a certain way. Other planners and wealth managers charge a flat, hourly fee, and still others may just charge for specific work (one price for a financial plan, for example) or an annual rate (usually around 1% of your assets they manage). You need to decide what works best for you.

2. Are they certified?

Education and experience are important, and in particular, planners that have earned their CFP (certified financial planner) designation have passed a demanding examination and must maintain continuing education credits, taking classes on finance and ethics, to retain the CFP designation. It’s a solid indication of credibility, but it’s not a guarantee. It’s good to check that their credentials are current.

3. To what code of ethics do they adhere?

Ask to read it, and look specifically for language that describes how this person is going to look out for your welfare. Do they subscribe to a “sustainability” standard, which means any investment must meet a minimum of being suitable? Or do they hold to a fiduciary standard, which implies a promise to always act in the client’s best interests?

4. Can they beat the market?

This is something of a trick question because, of course, the answer is “no.” Anyone who promises to do so falls squarely into the “too good to be true” category (and/or the “lying to your face” category), and more concerning, may not be considerate of your personal risk tolerance.