Many firms are structured so that the financial advisor is responsible for choosing an asset allocation and security selections for the client. On the surface, this may seem like a reasonable model. Who better to make portfolio decisions than the advisor, who knows the client’s goals and financial plan?
When you begin to consider that some advisors are compensated with commissions tied to proprietary products, you quickly realize that there is an inherent conflict of interest when one person who is managing your plan is also managing your portfolio. Setting that aside, what happens if that one person retires or gets sick? Who is watching over your investments then?
How is Fragasso different?
Working as a cohesive unit, Fragasso’s credentialed team of in-house portfolio management professionals support our personal wealth management, nonprofit and retirement advisor teams by providing investment strategy and portfolio construction. Your financial advisor focuses on financial planning for your long-term goals. Our portfolio management team watches over your investments. The synergy between the two means you receive focused, quality care across all disciplines of our firm.