In recent day a new Fiduciary Rule has gone into effect. To sum up this rule it basically states that people in the insurance and financial sectors need to put the clients needs ahead of their own by only recommending products and services that are appropriate for the client’s situation and to disclose how the agent/broker is compensated. Honestly there needs to be a rule for this – I always just thought that was good business. Putting clients first is just the way we do business at my firm and there are no secrets on how we are compensated. Quite simply since we are not fee based, we are compensated by the companies should we enroll a client in a product. The compensation is explained up front and there is never a load on your investment. What this means to our clients is that every dollar they want deposited is credited at 100% to their investment.
Like all things we are not right for everyone, our focus is on preservation and distribution of ones accumulated assets. This does not mean we do not work with younger clients as at some point they will want to distribute and preserve their gains. What it does mean is contact us and have a discussion and we can decide together if we are a good fit. We often speak with clients who don’t know how to read their own statements and we are happy to educate and provide services. We expect loyalty not obedience from our clients as we are loyal to them. This is one of the many reasons many financial advisors, stockbrokers and many times other insurance agents contact myself or one of my associates to review and identify areas of exposure they themselves may not be familiar.
Many products we work with are already regulated and pricing and benefits are set by the insurance companies themselves. Whether you us or enroll on your own – you will pay the same price. However, using professionals like us, does not add anything to your cost, allows you to make sure you are purchasing the correct coverage and gives you the ability to consistently speak to the same person should questions or issues arise. Let’s face it, peace of mind adds value.
If you are starting out in life, between jobs, looking to enroll in Medicare or protect your assets from the high cost or care, even a simple review or question please do not hesitate to contact us or schedule an appointment online at: www.richardgweiss.com we look forward to being of service.