Written By Have you ever wondered what it would be like to leave the hustle and bustle of Wall Street behind, in favor of helping everyday people achieve their financial goals? Meet one adviser who did just that. In this post, we’ll explore his journey from high-powered finance to Main Street advising and how he’s making a difference in the lives of those he serves. Get ready for an inspiring story about following your passion and finding fulfillment in unexpected places!
Background
There are few things more satisfying than helping someone achieve their goals. And that’s what Matt Kerrigan does as an independent financial adviser.
Since he founded his company, Kerrigan Financial Group, in 2003, Matt has helped families and small businesses save money and get ahead. He’s made a name for himself by taking a hands-on approach to financial planning and providing sound advice regardless of clients’ income level or risk tolerance.
Making a real difference in people’s lives is what motivates Matt every day. “I love helping people save money and get closer to their dreams,” he says. “The satisfaction I feel is unparalleled.”
Matt’s dedication to his work has paid off: His company has grown steadily since its inception, and he now advises clients in eight states across the country. He’s never forgotten his roots, either – he still visits Wall Street regularly to keep up with the latest trends and developments in the financial industry. This combination of practical experience and modern insight has allowed him to develop unique solutions for his clients’ unique needs.
How One Adviser is Making a Difference
In recent years, investment banking has undergone a difficult transformation. With the implosion of Lehman Brothers in 2008 and subsequent financial crisis, the industry has been beset with regulatory changes and questions about its viability.
One adviser, however, is bucking the trend and is helping Main Street investors achieve capital gains and income growth without having to leave their homes. That adviser is Wealthfront, Inc., a Silicon Valley-based company that offers automated investment services through a web-based platform.
Since Wealthfront’s inception in 2011, the company has grown rapidly; last year it facilitated $11 billion in transactions and served over 2 million clients. What sets Wealthfront apart from other online brokerages is its emphasis on low-cost advice combined with high-yield investment products. In order to ensure that its products are affordable for all investors, Wealthfront does not charge commissions or fees associated with its products (only MERs).
Wealthfront also offers an unprecedented level of transparency into each client’s account performance. Each month, clients can see how much money they’ve made and lost as well as what their risk exposure looks like at any given point in time. This level of transparency creates an important accountability factor for customers, who are able to hold Wealthfront accountable for providing them with high-quality advice while minimizing risk.
Wealthfront’s approach to automation and transparency has helped transform the way millions of people invest their money–helping them reach their financial goals
Advice for Investors
Investors are always on the lookout for new opportunities to grow their wealth. One way to do that is by investing in stocks. However, not everyone has the skills or knowledge to do this effectively. That’s where advisers come in.
An adviser is a financial professional who helps people make informed investment decisions. They can be found on Wall Street and in Main Street businesses, such as banks, insurance companies, and mutual funds.
There are a few things to consider when choosing an adviser:
-The adviser’s experience: Look for an adviser with experience in your area of interest, such as stocks, bonds, or mutual funds. This will help ensure you get quality advice and guidance.
-The adviser’s fees: Make sure the fee you’re paying is reasonable and reflects the services provided. Fees can vary greatly from one advisor to another, so it’s important to find out what you’re paying before signing up.
-The adviser’s approach: Ask the adviser how they think the market will perform over the next several months or years and whether they have any specific recommendations based on that outlook.
-The adviser’s credentials: Make sure the advisor is registered with FINRA (the Financial Industry Regulatory Authority) orSimilar agencies and has passed a rigorous ethics test. This will protect you if anything goes wrong with your investment – and it’ll show that the advisor is committed to providing high-quality service.
Advice for Homeowners
If you’re thinking of retiring in the next few years, you may be wondering what your options are. One option is to stay in your current home and live off your Social Security benefits, which won’t be as big as they used to be. Alternatively, you could move into a smaller home and downsize your lifestyle. However, before making any decisions, it’s important to ask yourself a few questions: What’s my retirement cost-of-living goal? How much can I realistically save each month? What kind of life do I want to lead once I stop working?
One adviser who understands these questions is Teresa Ghilarducci, an economist who retired from Wall Street in 2001 and began working as a financial planner for Main Street clients two years later. In her new book “The True Cost of Living: How Much Can You Really Afford?” (Penguin), Ghilarducci breaks down how much money people need to retire comfortably based on their location and lifestyle preferences. Her findings show that retirees living in warmer climates should plan on spending around 70 percent of their income on basic expenses such as food, shelter, and utilities; while those in colder climates can afford to spend 60 percent of their income on the same items.
“The biggest misconception about retirement is that people think they will have enough money saved up,” Ghilarducci says. “Most people only have half of what they need saved up when they retire.” To make the most
Conclusion
When it comes to financial planning, there is no one-size-fits-all solution. That’s why we are so grateful for the work of our advisers and their dedication to helping us meet our unique needs. One adviser in particular has been making a significant impact on Wall Street, Main Street and beyond – and we wanted to share his story with you. Thanks for reading!
