September 21, 2020 | Financial Life Planning
While much of the financial advising industry still employs a traditional “solo advisor model,” we at LifeGuide have built our firm around a fundamentally different approach: a team-based advisory approach. (This approach is also sometimes known as an “ensemble practice” or “ensemble advisory model.”)
In fact, we see this as one of the key distinctives of our firm that allows us to better serve our clients both now and—importantly—into the future.
So today we want to explore these two models and why we believe that more heads are better than one.
The financial industry’s traditional and most popular advisor model is the solo advisory model. Under this model, a single advisor is responsible for overseeing a large group of clients.
The major downfall of the solo advisory model is that a client’s success is dependent on one person. And this can lead to many negative consequences, such as:
Because of the significant downside to this traditional approach, our firm was built with a fundamentally different approach.
“The major downfall of the solo advisory model is that a client’s success is dependent on one person.”
Here at LifeGuide, we embrace a team-based model. Under this model, every LifeGuide client is assigned to a three- to four-person advisory team.
Each team consists of a Senior Financial & Life Advisor, a Lead Financial Advisor, a Service Advisor, and an Insurance Advisor:
We’ve found over and over again that this team-based advisory approach has many benefits for our clients, including:
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The topic of long-term healthcare can be complex, time consuming, and, quite frankly, not a lot of fun. We’re here to help.
We are Dave Ramsey ELPs for long-term care, as well as SmartVestor Pros. We offer all of Dave’s fans a complimentary, no-strings-attached LTC Exploration Meeting where we will take the time to know you, answer your questions about LTC, and provide quotes and recommendations tailored specifically for you.
To prepare quotes for you, we ask that you complete a short three-minute online LTC Questionnaire.
One we receive your questionnaire, we will shop your case to multiple insurance companies, prepare quotes, and reach out to schedule your LTC Exploration Meeting. Type in your name, email, and preferred phone number below to get started!
You’ve come to the right place! Our Managing Partner, Doug Denlinger, is a SmartVestor Pro as well as a Dave Ramsey Endorsed Local Provider (ELP) for long-term care insurance.
Like Dave, we believe that financial peace is a critical component to leading your most impactful, fulfilled life—the life you are called to live. And we want to help you get there. Which is why we offer all Dave Ramsey fans a complimentary, no-strings-attached Exploration Meeting where we answer your questions and get to know each other.
In preparation for our conversation, we ask everyone to first complete a short five-minute, online Intro Questionnaire. Once we receive your submission, we’ll reach out to schedule your complimentary Exploration Meeting. Type in your name, email, and preferred phone number below to get started!