Choosing the right advisor goes beyond personality. 
(Hint: If you’re picking your advisor solely based on their vibe, you’re doing it wrong.)

Communication, investing philosophy, ethics, and transparency matter, but there’s another factor to consider: are they captive or independent?

Captive Advisors often:

• Know their captive products inside and out (because there are fewer offerings).

• Are with well-established companies (that often come with more turnover and red tape).
• Have procedures in place to ensure that sales and trades are done correctly (but can result in clients being profiled and placed in a "basket" based on that profile).
• Benefit from corporate research and education (although the education can be watered down and one-size-fits-all).

Independent Advisors typically:

• May have access to more products.
• Have fewer limitations on financial vehicles.
• Offer a wider range of investment options and fewer restrictions.
• Rely on third-party research and education, allowing for more customized planning.
• Deal with less red tape and paperwork, freeing their time for your needs.

Selecting an advisor is one of the most important financial decisions you can make. Don’t be afraid to ask questions, and look for someone who helps you define your financial goals, communicates clearly, and remains transparent about costs—regardless of whether they’re captive or independent.

Questions? We’re happy to help.