fiduciary responsibility


Let’s start with fiduciary responsibility, a value every good financial advisor has top of mind. Many CERTIFIED FINANCIAL PLANNERS™ uphold this fiduciary responsibility, which means that they have to put your needs above their own. It’s your assurance that they are at all times placing the interest of you ahead of his or her own. Your financial growth is a top priority.

It is also important to be diversified As Jim Cramer of TheStreet asserts, “Controlling risk is the key to long-term rewards and controlling risk means to be diversified at all times.” A portfolio that is diversified enough to control downside risk is a key element in smart investing, yet asset allocation is only one part of a bigger plan.

It also takes a team A group of industry professionals that work together, such as attorneys and accountants that will keep on top of industry trends to help shape a comprehensive retirement plan for a client. Most people nowadays haven’t even come close to a pension, and many others are limited by their company’s 401 (k). Or they might not even have one.

Start early and keep it going It is most beneficial to start planning pre-retirement, so an investment profile can be moved from more aggressive investments early on to more moderate and very stable investments as retirement draws near. As you get older and can afford to put more into your retirement, you can substantially increase your savings, but starting as early as you can helps you create more opportunities in the long run.

Make sure you discuss your long-term plans with your financial advisor. If you do not have one, Mooney Lyons can help. Visit us at We can analyze the needs you have now and anticipate those you’ll need in the future.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. No strategy assures success or protects against loss. Investing involves risk including loss of principal.


Cramer’s Twenty-Five Rules for Investing. TheStreet.