You may have found that spreading your retirement savings and investment accounts among a variety of firms is confusing and complicated to keep track of. Here’s how you’ll benefit from holding your assets under one roof at Janney:
Better Portfolio Management
Holding investments in multiple locations can make it difficult to effectively manage your overall portfolio and complicate the ability for your investments to work together. Consolidating can give you more control over your investments and help ensure your portfolio is allocated according to your best interests.
Streamlined Recordkeeping
Working with one Financial Advisor means that all your statements come from one source, and tax reporting is easier to manage: there will be fewer monthly statements and fewer forms at tax time.
More Strategic Retirement Withdrawals
When you are required to start taking distributions from retirement accounts, it can be a headache if your accounts are spread out. Consolidation makes it easier for your Financial Advisor to calculate your overall required minimum distribution (RMD) and remove it from one account. This can also allow for a more strategic withdrawal approach, as your Financial Advisor can consider the overall picture of your financial situation.
More Efficient Wealth Transfer
Should you or your spouse pass away, it becomes much simpler, more convenient, and more efficient for the surviving spouse (or other family member) to deal with just one advisor they can trust. Overall, it helps to ease the burden on anyone who might assist you or take over for you when you can no longer manage your finances—and, ultimately, when you transfer your wealth to your beneficiaries.
Eliminate Conflicting Advice
When you deal with a single advisor or team, you receive more informed guidance from someone who knows you and understands your complete financial picture. You’ll also eliminate conflicting advice and duplication of investment strategies, which may delay you from reaching your financial goals.
Optimize Tax Savings
Consolidation can also help your advisor better identify tax minimization strategies, which can lead to significant savings. Enable More Effective Financial Planning Consolidation gives your Financial Advisor greater insight into your full financial picture so they can make better decisions about allocating your assets, and can more easily track, monitor, and adjust your financial plan over time, creating better strategies for your specific needs.
Transferring Your Assets
We can make the process of transferring your assets convenient for you. We can assist you in by providing thoughtful recommendations around account consolidation, completing your paperwork, opening your accounts at Janney, transferring your funds, and recommending investments that align with your best interests. And if your transfer involves more complex issues such as company stock or stock options, margin or other outstanding loan balances, debit card, and bill pay accounts, or direct deposits, we have the experience and capabilities to help you.
If you wish to consolidate your assets at Janney, speak to your Financial Advisor who can assist.
Services and Capabilities
Janney’s one-on-one approach to helping you manage your personal wealth sets us apart from other firms:
Advice and Planning
- Comprehensive or Topic-Focused Financial Planning
- Retirement Planning
- Education Planning
- Tax Planning
- Estate Planning
- Charitable Giving
Retirement Income Planning and Management
- Retirement Income Projections
- Income Investment Portfolio Management
Investment Management
- Advisory Programs
- Brokerage Relationships
- Equity and Fixed Income Strategies
Cash Management Services
- Interest-Bearing Money Market and FDIC-Insured Accounts
- Debit Card with ATM Access
- Checking
- Electronic Transfer (ACH)
- Electronic Bill Pay
Robust Suite of Digital Tools and Resources
- Online Access Client Account Portal and Mobile App
- My Net Worth Account Aggregation Tool
- Electronic Delivery (eDelivery) of account statements and other documents
- Document Vault
- Alerts and Notifications based on your preferences
- Authorized Guest Access
Working With Janney
Depending on your financial needs and personal preferences, you may opt to engage in a brokerage relationship, an advisory relationship or a combination of both. Each time you open an account, we will make recommendations on which type of relationship is in your best interest based on the information you provide when you complete or update your client profile.
If you engage in a brokerage relationship, you will buy and sell securities on a transaction basis and pay a commission for these services. Our recommendations for the purchase and sale of securities will be based on what is in your best interest and reflect reasonably available alternatives at that time.
If you engage in an advisory relationship, you will pay an asset-based fee, which encompasses, among other things, a defined investment strategy, ongoing monitoring, and performance reporting. Your Financial Advisor will serve in a fiduciary capacity for your advisory relationships.
For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.
By establishing a relationship with us, we can build a tailored financial plan and make recommendations about solutions that are aligned with your best interest and unique needs, goals, and preferences.
Contact us today to discuss how we can put a plan in place designed to help you reach your financial goals.
Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
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