I was speak­ing with a prospec­tive client recent­ly and he said some­thing I hear all too often,” I have had 3 pre­vi­ous advi­sors, and none of them took care of me, they all took care of them­selves.”

I find this painful, and yet my pain from hav­ing col­leagues who are ill-trained to do their work, is not near­ly as great as those who suf­fer from poor finan­cial advice.  How this hap­pens is easy to under­stand.  You can become a “finan­cial advi­sor” almost overnight.  I ran into the archi­tect who designed my house a few years ago, who told me they are now offer­ing “finan­cial advice.”   After a few weeks of course­work and pass­ing an exam or two, an archi­tect is trans­formed into some­one com­pe­tent to han­dle finan­cial advi­so­ry ser­vices?

I com­pare this to my years, test­ing and cre­den­tial­ing.  First, I became a CPA (Cer­ti­fied Pub­lic Accoun­tant), a des­ig­na­tion requir­ing a degree, exten­sive test­ing, an expe­ri­ence require­ment, and 3 ref­er­ences that is reg­u­lat­ed by the States, with a dis­ci­pli­nary board, ethics require­ments and con­tin­u­ing edu­ca­tion. Then came my PFS (Per­son­al Finan­cial Spe­cial­ist), a des­ig­na­tion from the AICPA that took years of study, pass­ing a test, and 3 sealed client tes­ti­mo­ni­als to obtain, and last­ly my RIA (Reg­is­tered Invest­ment Advi­sor) which involved more test­ing, annu­al reg­is­tra­tion and peri­od­ic reviews.

Add to this the years that the Mack­ey Advi­sors team has spent test­ing and per­fect­ing our finan­cial plan­ning process, The Pros­per­i­ty Expe­ri­ence®, so that it real­ly deliv­ers mean­ing­ful and last­ing results. 

So why didn’t I just take a few weeks course­work and the exam or two and become reg­is­tered like my ex-archi­tect?

Because our mis­sion at Mack­ey Advi­sors is to be wealth advo­cates who empow­er con­fi­dent action for our clients.  You can’t learn to do this in a week or two.  To deliv­er on our promise means we have to have a com­pre­hen­sive under­stand­ing of finan­cial plan­ning, invest­ments, oth­er finan­cial prod­ucts, tax­es, cash flow and don’t for­get… peo­ple!

Mack­ey Advi­sors also is an inde­pen­dent invest­ment advi­sor.  Did you know that less than 6% (i) of those who are “finan­cial advi­sors” are inde­pen­dent RIA’s.  Did you know that less than 3% of all wealth advi­sors are CPA finan­cial plan­ners?  This means Mack­ey Advi­sor is free to choose the finan­cial vehi­cle that takes care of our clients, with­out direc­tion of a par­ent com­pa­ny with a dif­fer­ent agen­da. 

Cre­den­tials are good and over­sight nec­es­sary, but at the end of the day our real suc­cess lies in our client’s suc­cess.  By this mea­sure we know we are suc­ceed­ing. Our clients, who had engaged in The Pros­per­i­ty Expe­ri­ence in 2007, have finan­cial plans that are today as suc­cess­ful today as they were in 2007.  As I speak with prospec­tive clients I have come to under­stand how very rare this is. 

The com­bi­na­tion of the inde­pen­dent RIA, CPA finan­cial plan­ner and our client suc­cess mod­el, make Mack­ey Advi­sors one of the few, one of the proud, well I know that is the Marines, but it is us too!

(i) Source: Cerul­li Quan­ti­ta­tive Update, 2010