PLANNING YOUR
NEXT STEPS
We are Fiduciaries in practice and in spirit.
Our commitment in all of our planning and investment work is for your best interest to always come first. The fiduciary standard of care by the CFP Board “requires that a financial adviser act solely in the client’s best interest when offering personalized financial advice”. We take our fiduciary role seriously and view it as an essential component of working together with you.
Financial IMPACT Planning is our collaborative, innovative arc of service for all of our clients. Through client-centered needs analysis and shared core values, we build investment frameworks and create IMPACT action items to inform each step of your financial plan, at each stage of your financial life.
We handle investment and retirement accounts, develop detailed financial strategies and work with your family to manage trusts and estates. Each member of our firm realizes that the true worth of money is its ability to empower people to live their values with meaningful impact.
FINANCIAL FOCUS
I
MPAC
T
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Thoughtful investment strategies and management
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Socially responsible and sustainable investing utilizing ESG criteria
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Wealth accumulation, growth, and distribution for:
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Individuals and families
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Trusts
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Small Business Owners
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Retirement Plan management for small businesses
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Insurance
PLANNING FOCUS
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IMPACT Plans for accumulation, growth, goal-based, income and legacy purposes
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Retirement Planning
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College Funding Solutions
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Life Insurance Planning and Funding
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Long-Term Care Planning and Funding
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Estate Settlement
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Family Meetings
We work with three guiding structures, each designed as a springboard to crafting your individualized IMPACT plan focused on your needs and goals.
Clients move fluidly through these structures as goals, interests, and life focus changes.
For all clients, we focus on the IMPACT Action Items that will keep your plan on track and take you to the next step in your financial life.
PURPOSEFUL
AND
GOAL DRIVEN
ESTABLISHED
ENGAGEMENT
AND
GROWTH
PORTFOLIO CONSERVATION
AND
SUSTAINABLE
INCOME DISTRIBUTION
What is a Fiduciary?
A Fiduciary is one who has assumed the responsibility of acting on behalf of and in the highest and best interest of another. This role is assumed to be one that will foster a relationship of trust and confidence between the individual or entity and the Fiduciary who serves that individual or entity.
In the context of the financial services industry, and in particular the Registered Investment Advisory Firm associated persons, the role of Fiduciary is not an aspiration, but a requirement, a Practice Standard. As Associated Persons of a Registered Investment Advisory Firm, the staff of Erickson Advisors is required in all efforts of analysis, advice, and service to put the interest of the client ahead of any self interest.
Fiduciary Standard vs.
Simple Ethical Behavior
While acting under a Fiduciary Standard, most daily activities of the Registered Investment Advisory Firm associates may not differ from those of Brokers who sell investments, but the higher standard required of Investment Advisors means that our associates must be governed only by what is best for the client, and not be swayed by offers of higher commissions or better payouts.
We believe that total transparency regarding fees and compensation to our associated persons reduces the potential for a conflict of interest that may arise under a lower standard of conduct and disclosure.