Do Preferred Resource Group Financial advisors operate as fiduciaries?
Preferred Resource Group advisors believe in placing our clients’ best interests first. Therefore, we commit to the five fiduciary principles:
We will always put our client’s best interests first.
We will act with prudence: that is, with the skill, care, diligence, and good judgement of a professional.
We will not mislead clients, and will provide conspicuous, full and fair disclosure of all important facts.
We will avoid conflicts of interest.
We will fully disclose and fairly manage, in our clients’ favor, any avoidable conflicts.
Who is your typical client?
Retired, or close to it
We specialize in serving people who are already retired, or will be within 5 years or less. They have been intentional during their working years to accumulate assets and are looking to draw income from those assets.
Individuals and families who have a strong income and are intentional about accumulating assets for financial independence.
We will only work with genuinely nice people with whom we share a mutual respect.
Looking for a trusted advisor
Our clients understand that success in their retirement is too important to do by themselves. They understand the value of having an expert guide who can help them position their assets to re-create income once they retire.
Why should I work with Preferred Resource Group?
Preferred Resource Group is an independent firm with over 25 years of experience, specializing in helping families navigate the complexities of their everyday financial life. Our team will coordinate your investment management, retirement planning, distribution strategy, risk management, and tax strategies. In addition, we coordinate recommendations with your attorneys, accountants, and insurance agents. We are proactive and have a proven system to help you be successful.
What is the relationship between Preferred Resource Group and LPL Financial?
Preferred Resource Group is the name of our practice, and LPL Financial is our broker-dealer.
A broker-dealer is a financial firm that facilitates the buying and selling of securities and investment products. Our broker-dealer also helps us stay compliant with financial rules and regulations.
Where are my assets and investments currently held?
Your assets and investments are held in custody with an investment company, an insurance company, or the clearing firm of LPL Financial.
A custodian is a third-party institution or entity that holds and safeguards financial assets on behalf of clients.
A clearing firm acts as an intermediary between LPL Financial and the financial exchanges where securities are traded. When a client places an order to buy or sell a security through LPL Financial, the clearing firm processes the transaction, confirms the trade, settles the payment, and maintains custody of the securities.