Are You Working With A Financial Advisor That You Can Trust?

The Benefits of Choosing an Independent, Fee-Only Financial Advisor

Littleton, CO - With less than stable market conditions, it is imperative that your money is being managed with your best interests in mind. Unfortunately, the past year has seen a rash of scandals involving some of the nations largest financial firms. Seemingly reputable companies have been accused of intentionally endorsing unstable stocks in order to generate lucrative investment banking fees. These disturbing business practices have left many investors wondering how to find a financial advisor capable of providing trustworthy guidance.

Financial companies create a conflict of interest when commission-based advisors are rewarded for pushing specific investment products to unsuspecting customers," explains James OBrien, President of Littleton based OBrien Capital Management (www.ocmi.biz). Investors can avoid this problem by working with an independent, fee-only financial advisor whose recommendations are based on the clients best interests, and not on which product pays the highest commission."

Fee-only advisors typically are paid a percentage of each clients managed assets or an hourly fee to provide investment advice. OBrien suggests that, Investors should always spend time searching for a good fit because fee percentages and minimum investment requirements will vary."

OBrien has used his eighteen years of financial services experience to develop a free seminar covering the benefits of Fee-Only Financial Management. Here are some topics that will be covered:

·   Avoiding Conflict of Interest. Independent, fee-only advisors do not establish relationships with investment banking firms. This insures that your advisor has no incentive to buy or sell a poor investment on your behalf.
·   Achieving Full Disclosure. Working with a fee-only advisor helps to guarantee that fees and expenses are not hidden or wrapped into a particular investment.    
·   Realizing Financial Goals. Fee-only advisors are paid to meet your financial goals and are not compensated for placing unnecessary trades. By aligning the interests of the client and advisor, you are more likely to receive unbiased financial advice.

James OBrien will be offering his next free workshop focused on Fee-Only Financial Management on Tuesday, March 18th 2003. If you are interested in attending this workshop please contact John Winslow at jwinslow@ocmi.biz or 303/744-2107.