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4 Reasons to Try Your Luck with Local


More and more Americans are turning to financial planners for advice. You may have decided you would like to enlist the services of one, as well. Now, you are faced with the task of finding and selecting a financial planner to work with. Here are four good reasons to try your luck with a locally-based financial planner.

Greater Trustworthiness Thanks to Referrals

A local financial planner can come recommended to you by someone you know and trust. Referrals serve as evidence to you that other people in the community view that financial planner with a certain level of trust. Financial planners understand that referrals are one of the best ways to gain new clients and they take care to ensure a good reputation. You want someone you feel you can trust to give good advice, and referrals from other locals is one of the best ways to gauge a financial planner’s trustworthiness.

A More Personal Approach

A local financial planner is someone you can go in and see whenever you have a question or need advice. Small, unaffiliated financial planners are more likely to spend more time with you to ensure your needs are met. Doing so is beneficial to them because they garner trust and personal relationships with clients. They are also more likely to be flexible around your schedule.

Boosting the Local Economy

Supporting local businesses helps boost local economies. A local financial planner will likely have deep roots in the community or will be working to establish them. This means they will support other local businesses, organizations and causes, which you facilitate when you use their services. You are also supporting a local business and therefore helping maintain quality professionals in your community.

No Corporate Quotas

A local financial planner is less likely to be affiliated with large financial institutions. This means you can trust they will charge you fair fees. The advice of local planners is more likely to be genuine and not influenced by corporate quotas. Such quotas can influence financial planners to give you advice that is better for them rather than for you, and they are also likely to keep more of your money as consultation or investing fees. A local planner is less likely to do this. 

If you are seeking ethical wealth management, consider going to a small, local operation. They are equipped to give you good, honest advice that has no strings attached. Opt for the personal touch instead of the corporate backing.

About the author: Lizzie Weakley is a freelance writer from Columbus, Ohio. In her free time, she enjoys the outdoors and walks in the park with her three-year-old husky, Snowball. To those seeking ethical NJ wealth management, she recommends using a local agency.

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