You probably remember the old adage: “Too many cooks in the kitchen.” And when it comes to Thanksgiving at Grandma’s house, that’s probably very true. But when it comes to managing major financial decisions like filing taxes, portfolio management, and retirement planning, having a financial team of professionals who specialize in these areas can be incredibly valuable.
What Is A Financial Team?
A financial team is a group of financial professionals who work together to give you the best possible financial advice for any life circumstance. This teaming strategy is built on the idea that the more expertise you have speaking into your situation, the better off you’ll be. These financial professionals will work together to make sure you’re getting the best possible advice and care as you journey through all of life’s financial decisions.
5 Client Benefits From Working With a Financial Team
One of the reasons we love working within financial teams here at SageSpring is that we believe we’re providing the best possible experience for our clients. We believe working with the financial team approach in our financial planning services puts you (the client) first, allows us to serve you with greater capacity, and provides a well-rounded experience.
Here are five client benefits from a financial team and how it could benefit your financial planning:
1. It’s a one-stop shop.
Working with a financial team gives you the ability to take your life’s biggest decisions and overall financial planning to one firm. Instead of having to work with multiple specialists on the same issues, you get the benefit of having all of those professionals working together. It’s a one-stop shop that saves you time and the frustration of having to share the same information over and over with different professionals in different firms. By consolidating your financial team, professionals can seamlessly share pertinent information, ensuring that all efforts and strategies harmonize effectively.
2. You experience a holistic approach.
At SageSpring, we believe that your finances, investment decisions, retirement planning, and estate planning aren’t just one-off events. Your finances are connected to different areas of your life. And when one area is off, the rest of them can fall out of place too. Just like your healthcare professionals should consider how your body functions as a whole, your finances should be looked at the same way.
“At SageSpring, we value the teaming approach to ensure our clients are taken care of in every aspect of their financial lives. Our teams go above and beyond to make sure you feel valued, cared for, and taken care of every step of the way.” – Jeff Dobyns, President
3. You’ll have more financial confidence.
Your finances and financial decisions are important to your financial planner. But when you work with a team, that care and concern get multiplied. That’s a great thing—especially when it comes to making decisions with your best interests in mind.
4. You get access to more resources.
When you work with a financial team, you have access to resources you likely wouldn’t have otherwise. Each professional has a network of other professionals they can lean into for problem-solving, education, and help for any circumstances that come up. For instance, if you find yourself in need of a lawyer who specializes in agricultural laws, your team can reach out to their networks on your behalf.
5. There’s less chance of miscommunication.
Communication is the key to a well-functioning financial team and client relationship. When you work with a team, there are more eyes and minds at work on your behalf, especially when it comes to tax planning, estate planning, retirement planning, investment management, and more. Having a team working for you and communicating together on your behalf will mean that there’s less chance of miscommunication or missing something important.
Working with a financial planner is a great way to ensure your finances are right where they need to be. But working with a financial team ensures that every aspect of your financial life will be covered—from tax planning to retirement and legacy planning and everything in between. Reach out to a SageSpring advisor . . . our team would love to work with you.
