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Preparing for retirement is like preparing for your retirement party. You make plans consistent with your lifestyle, as you would with your retirement. Since this is a once in a lifetime event you may want some help planning.
One decision you must make is what size company you want to work with. The larger companies are well advertised and take a cookie cutter approach to planning, while smaller independent companies like DeFrehn Consulting offer more personalized and flexible services.
If your planner works for a huge company he will want to use all of the services provided by that company; catering, tent rental, DJ… or for retirement; stocks, bonds, mutual funds… If they are independent planners they will use the services that are best for you, not just what their company recommends.
We can follow this analogy a little further to help us understand how these companies are structured. Years ago the big companies once offered the same services as the independent. However, over time these companies started new businesses that provide the products their clients needed like Catering and DJs, or mutual funds and annuities. They gave these companies names similar to their own and refer business to themselves. (These are proprietary.) Now instead of using the best products they prepackage products from their group of companies.
The independent planner focuses on the client. The independent wants to do whatever will allow the client to have the best possible experience so they hire the Caterer that makes the food the client likes and the DJ that plays their type of music.
All consultants buy products for their clients that are not proprietary. From the party planners analogy these include: ice sculptures and party favors… For Investment Companies they include: Mutual Funds, Annuities, Specialized Account Platforms… These are specialized products and only certain companies provide them. Many of the larger companies have selling agreements with a select few companies and purchase only through them. The Independent can provide their clients with these products from almost anywhere that best their needs.
Now you know why the independent services of DeFrehn Consulting can do what’s best for you we can work together to make your retirement the greatest party of your life!
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