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INSIGHTS FROM TOM MORAN AIF® INSIGHTS FROM TOM MORAN AIF®

Chairman, CEO and CIO, Moran Wealth Management ® Chairman, CEO and CIO, Moran Wealth Management ®

s the financial advisory profession has grown dramatically over the past decade, s the financial advisory profession has grown dramatically over the past decade,
investors have more choices than ever before in how they invest their hard-earned investors have more choices than ever before in how they invest their hard-earned
Asavings. It’s important to consider asking your current or prospective advisor the Asavings. It’s important to consider asking your current or prospective advisor the
following essential questions to make sure that you are making the most informed invest- following essential questions to make sure that you are making the most informed invest-
ment and advisory decisions. ment and advisory decisions.
ARE YOU A FIDUCIARY? ARE YOU A FIDUCIARY?
A client should clarify what type of standards their advisor adheres to, as many are not A client should clarify what type of standards their advisor adheres to, as many are not
legally bound to give objective advice. Advisors who are fiduciaries are required to make legally bound to give objective advice. Advisors who are fiduciaries are required to make
recommendations based on the best interests of their clients. A fiduciary relationship can recommendations based on the best interests of their clients. A fiduciary relationship can
help ensure that there is no conflict of interest between you and your advisor. Advisors at help ensure that there is no conflict of interest between you and your advisor. Advisors at
a Registered Investment Advisor (RIA), such as Moran Wealth Management ® , are legally a Registered Investment Advisor (RIA), such as Moran Wealth Management ® , are legally
required to always act as fiduciaries. Many accreditations such as a Certified Financial required to always act as fiduciaries. Many accreditations such as a Certified Financial
Planner ® (CFP) or Accredited Investment Fiduciary® would also demonstrate that an advisor Planner ® (CFP) or Accredited Investment Fiduciary® would also demonstrate that an advisor
ART DARK HOW ARE YOU COMPENSATED? ART DARK HOW ARE YOU COMPENSATED?
works within a fiduciary capacity.
works within a fiduciary capacity.
after
after
Clients should have a good understanding of the costs associated with both the services
Clients should have a good understanding of the costs associated with both the services
and underlying investments being recommended, including if there are any minimums.
and underlying investments being recommended, including if there are any minimums.
There are generally three types of compensation options:
• Fee-only: advisors only earn compensation for their services through the fees their clients There are generally three types of compensation options:
• Fee-only: advisors only earn compensation for their services through the fees their clients
pay. Oftentimes, the fee is based on the assets the advisor is responsible for managing; pay. Oftentimes, the fee is based on the assets the advisor is responsible for managing;
they earn more when investments values increase and less when values decrease. they earn more when investments values increase and less when values decrease.
• Fee-based: advisors may earn compensation directly through client fees and other com- • Fee-based: advisors may earn compensation directly through client fees and other com-
missions for products they recommend, such as insurance, mutual funds, and brokerage missions for products they recommend, such as insurance, mutual funds, and brokerage
fees. fees.
• Commission: costs are based on each transaction in a particular product or investment • Commission: costs are based on each transaction in a particular product or investment
vehicle. vehicle.
DO YOU HAVE EXPERIENCE WORKING WITH CLIENTS SIMILAR TO ME? DO YOU HAVE EXPERIENCE WORKING WITH CLIENTS SIMILAR TO ME?
The relationship you have with your advisor is key. Finding someone who understands your cir- The relationship you have with your advisor is key. Finding someone who understands your cir-
cumstances, needs and desires ensure that your experience is based on confidence and trust. cumstances, needs and desires ensure that your experience is based on confidence and trust.
WHAT ARE YOUR QUALIFICATIONS? WHAT ARE YOUR QUALIFICATIONS?
There are many paths to becoming a financial advisor. All these paths and certifications There are many paths to becoming a financial advisor. All these paths and certifications
require a stringent standard of mastery and ongoing education. require a stringent standard of mastery and ongoing education.
WHAT IS YOUR INVESTMENT PHILOSOPHY AND HOW DO YOU MANAGE INVESTMENT WHAT IS YOUR INVESTMENT PHILOSOPHY AND HOW DO YOU MANAGE INVESTMENT
PORTFOLIOS FOR YOUR CLIENTS? PORTFOLIOS FOR YOUR CLIENTS?
Ideally clients should identify how the advisor addresses factors like risk, returns, costs, and Ideally clients should identify how the advisor addresses factors like risk, returns, costs, and
are as close to “back to normal” as they can be. Napoli’s on the Bay,
hristmas is on its way this month and is a time of the year
hristmas is on its way this month and is a time of the year are as close to “back to normal” as they can be. Napoli’s on the Bay, tax consequences. Investment philosophy includes methodology, as well as investment vehi- tax consequences. Investment philosophy includes methodology, as well as investment vehi-
cles—like stocks, bonds, mutual funds, or ETFs—used to create your own personalized strategy.
cles—like stocks, bonds, mutual funds, or ETFs—used to create your own personalized strategy.
when family and friends get together and share memories of Chez Boët, Paws Pet Boutique, Bleu Provence, Random Acts of Art, when family and friends get together and share memories of Chez Boët, Paws Pet Boutique, Bleu Provence, Random Acts of Art,
WHAT CAN I EXPECT IF I WORK WITH YOU?
Cdays gone by. The days during the last few months have been Guess-Fisher Gallery, and Phil Fisher Gallery are glad to be some of Cdays gone by. The days during the last few months have been Guess-Fisher Gallery, and Phil Fisher Gallery are glad to be some of WHAT CAN I EXPECT IF I WORK WITH YOU?
Service standards vary greatly, so be sure to ask about the frequency of meetings, inter-
challenging, at the very least, for many in Southwest Florida. A large those businesses that have come back! Just in time for the Christmas challenging, at the very least, for many in Southwest Florida. A large those businesses that have come back! Just in time for the Christmas Service standards vary greatly, so be sure to ask about the frequency of meetings, inter-
actions, and accessibility. Consider your own needs and preferences—do you prefer more
actions, and accessibility. Consider your own needs and preferences—do you prefer more
number of people are still trying to make sense of their options. Many season, they welcome residents and seasonal residents to another year number of people are still trying to make sense of their options. Many season, they welcome residents and seasonal residents to another year hands-on or more independence—to help ensure that it’s compatible with the approach
hands-on or more independence—to help ensure that it’s compatible with the approach
heartbreaking stories have surfaced as well as stories to warm the unlike any other. This month, the Phil Fisher Gallery will be hosting a heartbreaking stories have surfaced as well as stories to warm the unlike any other. This month, the Phil Fisher Gallery will be hosting a being described.
being described.
heart and soul of our community. In Naples, a number of the stores show titled “Stocking Stuffers” which will feature small originals and heart and soul of our community. In Naples, a number of the stores show titled “Stocking Stuffers” which will feature small originals and Answers to questions such as these can provide awareness about the individual you are
Answers to questions such as these can provide awareness about the individual you are
and restaurants that were closed, have rebuilt and opened with some prints of scenes of Naples that might make great gifts! Crayton Cove is and restaurants that were closed, have rebuilt and opened with some prints of scenes of Naples that might make great gifts! Crayton Cove is considering, but ultimately, selecting a financial advisor comes down to relationships.
considering, but ultimately, selecting a financial advisor comes down to relationships.
still working on details that could take a few more months. The busi- located at the intersection of 8th St. S. and 12th Ave. S. at the flagpole still working on details that could take a few more months. The busi- located at the intersection of 8th St. S. and 12th Ave. S. at the flagpole Can you envision a long-term partnership with this advisor? The decision to team up with
Can you envision a long-term partnership with this advisor? The decision to team up with
nesses in Crayton Cove feel blessed to have weathered the storm and by the Naples Bay and the Naples City Dock. nesses in Crayton Cove feel blessed to have weathered the storm and by the Naples Bay and the Naples City Dock. a professional advisor should be based on your own level of confidence and trust.
a professional advisor should be based on your own level of confidence and trust.
P: (239) 920.4440 I Thomas.Moran@MoranWM.com I www.MoranWM.com I 5801 Pelican Bay Boulevard, Suite 110, Naples, FL 34108 P: (239) 920.4440 I Thomas.Moran@MoranWM.com I www.MoranWM.com I 5801 Pelican Bay Boulevard, Suite 110, Naples, FL 34108
Moran Wealth Management ® , LLC is a registered investment adviser. For additional information about Moran Wealth Management®, LLC, including its services Moran Wealth Management ® , LLC is a registered investment adviser. For additional information about Moran Wealth Management®, LLC, including its services
www.Guess-FisherGallery.com
www.PhilFisherFineArt.com
www.PhilFisherFineArt.com www.GalleriesOfCraytonCove.com www.Guess-FisherGallery.com and fees, request the firm’s disclosure brochure using the contact information above or visit advisorinfo.sec.gov. Moran Wealth Management®️ is a separate and fees, request the firm’s disclosure brochure using the contact information above or visit advisorinfo.sec.gov. Moran Wealth Management®️ is a separate
www.GalleriesOfCraytonCove.com
entity and not affiliated with any other entity or practice that uses the same name. entity and not affiliated with any other entity or practice that uses the same name.
30 Life in Naples December 2022 Life in Naples | January 2023 Life in Naples December 2022 31 31 Life in Naples December 2022 31
30 Life in Naples December 2022