Have You Ever Wondered if Your 401(K) Plan Could Be Working Harder for You and Your Team in Franklin, TN?
Your 401 (K) plan provides an excellent employee recruitment and retention benefit, as well as an opportunity to trim your tax bill. But is it keeping pace with your other investments?
What's Wrong with Your 401 (k) Plan in Franklin, TN?
While the typical retirement plan in Franklin, TN provides valuable benefits to you and your employees, many come with opportunity costs in the form of a limited investment menu. In our experience, the typical plan offers two to three dozen mutual funds of varying styles. These pooled investment options present several challenges for plan participants.
Holland Capital Management in Franklin, TN
The first thing to consider when looking to find a financial advisor in Franklin, TN: who are the team members? That’s critical since your financial well-being requires a lot more than just portfolio management. Along with attention to investments, you will likely need other services in Franklin, TN.
No Lifeguard on Duty in Franklin, TN
In order to maintain compliance with Department of Labor (DOL) rules and regulations, many plan sponsors wisely utilize a third party to oversee the creation of the investment menu. However, beyond this there is typically little in the way of support, leaving the plan participants. including you, to manage their investments with rudimentary tools or computer models. Would you feel better having a professional by your side?
Anonymous Investing in Franklin, TN
To the mutual fund manager(s),you are just another faceless shareholder. How can they manage assets for you when they don’t understand your goals, concerns, and how these assets fit into your overall financial picture? Some of the largest Wall Street firms that create mutual funds have begun to emphasize Environmental, Social and Governance scores when making investments. This may lead to lower returns as the focus turns away from maximizing shareholder value as, described in this recent Wall Street Journal article. Are you ok with that?
What Can Our Franklin Financial Advisors Do For You?
Financial planning and retirement planning from a CERTIFIED FINANCIAL PLANNER™
An investment management process designed to generate higher after-tax, risk-adjusted returns
Trust advisory, coordinated directly with your existing CPA and private legal counsel (or our vetted recommendations), to help you maximize tax, estate planning and asset protection opportunities
Life insurance, both for protection and advanced financial planning strategies
Flexible lending options so you can tap your wealth when needed without hassles
Loss of Autonomy in Franklin, TN
You forfeit all control and visibility into your holdings the moment you buy a mutual fund. The fund manager’s mandate is often to keep you invested no matter the economic conditions. While they may be loath to invest their money in stocks that are overvalued and poised for a fall, they may be forced to invest your money. Don’t you deserve better?
Navigate these Obstacles with Proactive Management, Not Retail Products in Franklin, TN
Fortunately, there is another option in Franklin, TN. We’ve helped many professional practice and business owners enhance their 401K plans with the addition of a Personal Choice Retirement Account to the investment lineup. The plan assets held in the traditional fund menu, in addition to the assets directed to the PCRA, will be safely custodied with Charles Schwab, a leading custodian safeguarding over three thrillion dollars of retirement assets.
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Get the Flexibility to Better Protect and Grow Your Assets in Franklin, TN
Adding the PCRA to your investment menu opens the door for you and the plan participants to an actively managed investment strategy tailored to your unique circumstances. Our goal at Holland Capital Management, LLC is simple: maximize your risk-adjusted returns, net of fees, while protecting your wealth in difficult market environments. Your dedicated Portfolio Manager will craft a carefully curated portfolio consisting of individual securities (ETFs, stocks, bonds, and cash and equivalents), not another one size fits all, “cookie cutter” portfolio. He will also make adjustments to reduce and increase the risk in your portfolio (buy low, sell high) as economic conditions change.
Why is this important? Research by Vanguard suggests that those using professional help for their retirement accounts get better results net of fees. The difference is estimated to be an average of 3% more per year when averaged over long periods.
Could You Be Saving More on a Pre-Tax Basis?
Our partners at EPIC Retirement Solutions can also help you with plan design optimization. You may be able to add a deferred compensation component so you can set aside more money, pre-tax, every year for retirement.
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Location
Franklin, TN - Hours
Monday - 9am-5pm
Tuesday - 9am-5pm
Wednesday - 9am-5pm
Thursday - 9am-5pm
Friday - 9am-5pm - Phone/Fax
P | 877-733-9435
F | (980) 500-1531 - Email Us
chad@hollandcapitalgroup.com
Our Other 401k Services in Franklin, Tennessee
Our Other Annuity Services in Franklin, Tennessee
Frequently Asked Questions
+ How Do I Choose the Right Financial Advisor in Franklin, TN?
One of our best pieces of advice is to look for high-quality credentials. For financial planning and retirement planning, you will want to work with a CERTIFIED FINANCIAL PLANNER ™ professional. For investment advisory, it’s wise to look for someone who has attained the CFA ® (or CHARTERED FINANCIAL ANALYST ®) credential.
Then, also find someone who takes the time to listen to your financial goals and learn what is important to you. That will help ensure you hire someone who prioritizes your best interests. While it’s important that financial professionals offer advisory services, you also want someone who will support you in achieving your goals
+ What Percentage Do Financial Advisers Charge in Franklin, TN?
Fees will vary, but often range from 1% to 2% of assets under management per year. This does vary widely, and it’s critical to find out what this fee covers beyond the basics. Some advisors will charge separately for financial planning and investment management, while others will bundle these into a single fee. So be sure to ask for that detail so you’re clear on exactly what you will be paying for.
+ What Are The Disadvantages of Having A Financial Advisor?
There are significant advantages to getting professional financial and investment advice. However, if you don’t select one that is a good fit, then it can be a negative situation. You may end up paying for advice that is counterproductive, costing you fees and time. That’s why it’s critical to do your research upfront.
It’s also important to note that you should seek to work with a firm that provides a financial planning specialist to assist you with an overall plan first. Then, you have a way to judge if the recommendations and financial products you receive from investment advisors are appropriate for your goals and plan.
+ Is It Worth Paying a Financial Advisor in Franklin, TN?
Yes, normally it is, and research on the topic suggests that having a financial advisor in Franklin serving you can help you achieve higher returns even after fees are considered. One 2019 study by Vanguard estimated that advice can add about 3% per year to your overall returns.
That said, if your advisor offers investment management only, then you may not get enough value, as tax planning and other functions are equally important to your financial results.
If you have a complex financial life, you are likely to realize even more benefits. For example, if you own a small business, a high-quality advisor can offer a business retirement service to help you set up a 401(k) or other plan for you and your valued employees.
Because you have substantial family wealth, you might benefit from using a firm that offers wealth management services geared for high-net-worth individuals and families.
+ What is the Average Cost of Hiring in Franklin, TN Financial Advisors?
The cost for financial advice will vary. Investment firms may charge commission and transaction-oriented fees. On the other hand, a fee-only advisory firm may charge a single percentage-based fee. Be sure to inquire on how the fees charged are calculated. Also, be sure to find out if the advisor acts as your fiduciary. A fiduciary is legally required to put your interests before their own, but not all firms have this requirement.