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Gene Panasenko

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Protect and Grow. Conversations with Financial Consultant. In the last several years, as we have seen some of the major financial conglomerates collapse, when Wall Street carries some negative connotation, investors’ attention turns to the companies who work primarily with Main Street, specifically those folks who create capital and own assets. A lot of these businessess would not strike you as super wealthy, yet it is the small businesses that proved to be the most resilient during the hard economic times. LPL Financial came to the forefront relatively recently, in 2008-2009, when many financial giants like Lehman Brothers and Bear Stearns went belly up, and the companies like Merrill Lynch and Goldman Sachs went through some very …show more content…

Example-a lot of financial consultants use only the basic Series 6 license. A lot less folks have registrations. I received my Series 7 many years ago as one of my first licenses. Eventually, about 10 years ago I studied and passed exams for my Series 9 and 10, Options Principal and General Securities Sales Supervisor. The knowledge acquired allowed me to have a lot better understanding of many aspects of this business and bring more value to the clients. -OK, Let’s get back to the original question. Say, a potential client came to you not with 20k, but several million dollars. But these kinds of clients already have their own tax and legal advisors whose opinion means a lot to the clients. And in case their opinion differs from your advice… -I always applaud when my existing or potential clients sit down for a meeting with their tax advisors and attorneys, the people that advise them on the very important issues in their lives. The CPA, attorney and Financial consultant should be the three very important professionals in the clients’ lives. -Could you please talk for a minute about the CPAs? -Certified Public Accountant is the highest level for a tax professional. There are many bookkeepers and accountants, but only a small percentage of them are CPAs. Regular accountants and bookkeepers, regardless of how nice and pleasant they may be, can not, for example, represent the client with IRS, should any problem occur. Since many of the clients are successful

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