Choosing a Financial Advisor
A guide to help identify key factors to consider for finding the right financial partner
Award Winning Financial Advisors
How to Choose a Financial Advisor
It can be hard to choose which local financial advisors you should work with. There are so many in the area, all marketing the same way, it gets difficult to identify the differences between firms.
Whether you are interested in working with us or partnering with a different financial advisor, the key questions you should consider when choosing a financial planner are:
- What are their reviews?
- Are they independent?
- Are they fiduciaries?
- What are their fees?
- What is their level of customer service?
All of these are vital questions to ask your potential financial advisors and what our position is on each one.
For that exact reason, let us tell you what we think makes Langan Financial Group the best financial advisor in Pennsylvania and the reasons you should choose us to be your local financial advisor.
Financial Advisor Reviews
When contemplating which local financial advisor to work with, take a look at their reviews. There are multiple platforms available for finding a financial planner's reviews, but the most common are:
Google Reviews is perhaps one of the most common places for people to leave reviews for any organization
Facebook Reviews does offer reviews, however you must be careful as many spammers often post to pages knowing a company cannot remove a review and Facebook often does not remove them either. Be sure to read the reviews to determine if the ratings are in fact real or spammed.
Better Business Bureau is a private 401 nonprofit organization that helps provide consumers with insights to local businesses.
BirdEye Reviews (an aggregator of reviews through multiple sites)
BrokerCheck is a tool available to view any potential complaints or regulation issues your advisors may have had
Reviews can give you an idea of what other clients' experiences working with this advisor team is like.
For Google, in particular, Google has an algorithm put in place that removes potential spammy or fake reviews to help maintain the review integrity. It monitors reviews closely to try to keep the ratings as honest as possible.
How are Your Financial
Advisor Reviews?
Langan Financial Group has received over 75 - 5 star reviews on third party sites such as Google.
In addition, our BrokerCheck is free of any complaints or regulatory issues.
What Makes a Financial Advisor Independent?
An independent financial advisor is a financial advisor that is not tied to any larger financial institutions.
These types of advisors do not have to sell certain products or meet specific quotas as required by their broker-dealer.
The most common product that has quotas to meet are from financial advisors tied to life insurance broker-dealers.
These organizations can require their advisors to require them to sell a specific amount of insurance or risk being let go.
As such, a lot of pressure can be put on the advisors to meet the broker-dealer's goals.
In addition, independent financial advisors usually have an open architecture platform. This means they are not limited to a select amount of investment funds or tools available.
Rather, they can sell a wide range of products.
Some broker-dealers do not like it when their financial advisors sell their competitors' products. Or they have proprietary products that may have extra fees that go to them.
As such, non-independent advisors can be limited in what they can and cannot sell. whereas truly independent advisors are not nearly as limited.
Are You Independent Financial Advisors?
Yes, Langan Financial Group is an independent financial planning firm.
We are an open architecture firm that does not have quotas to reach.
What is a Fiduciary Financial Advisor?
Langan Financial Group's certified financial advisors can act as a fiduciary for our clients.
A fiduciary financial advisor has an obligation to make investments with your best interest in mind.
Is My Financial Advisor a Fiduciary?
The easiest way to determine if a financial advisor is a fiduciary is to not only ask them but request they put it in writing.
If they are not willing to put it in writing, that is a red flag that should alert you to a potential issue.
Are Your Financial Advisors Fiduciaries?
Langan Financial Group can act as a fiduciary. That means we are responsible for making investment decisions with your best interests in mind, a responsibility we take highly seriously.
Our number one priority is you. We will always put your needs first, we will always be transparent, and ensure you are comfortable with the customized strategy to help reach your goals and deliver the value you need.
Client-Focused Financial Planning
Financial advisors should be client focused. This means, that when issues occur within your financial plan, they contact you immediately. In so many instances, financial advisors develop a plan, but it is not monitored.
They wait for you to contact them about a review or a required minimum distribution, or some other aspect in which they should be proactive on.
Are You a Client-Focused Financial Services Firm?
A big differentiator for us compared to others is our proactive engagement. Some financial firms do not monitor Required Minimum Distributions for retirees.
This causes individuals to determine what they need to withdraw and how much to avoid tax penalties.
Langan Financial Group monitors our clients' accounts. We are aware of:
- When distributions need to be taken
- How much needs to be taken
- Potential tax implications that could occur.
LFG will communicate these needs ahead of the anticipated deadline so that you may take avoid any potential penalties.
Our customer focus does not stop there. We take pride in our white glove service, always going the extra mile to help you have financial peace of mind.
Our financial team is dedicated to supporting you, your family, and your organization to achieve its goals. Together, we can help get you there.
Schedule a Chat with a Certified Financial Advisor
Langan Financial Group's financial planning team has over 100 years of experience providing financial services.
Give us a call at 717-288-1880 to see how our local advisors can help with your financial planning needs.
Or visit our financial advisor contact page to fill out an inquiry.
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Disclosure: Check the background of your financial professional on FINRA's BrokerCheck. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Cambridge and Langan Financial Group, LLC. are not affiliated. Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, to residents of: AL, AZ, CO, DE, FL, GA, IA, KY, MD, NJ, NM, NY, NC, OH, PA, TX, VA, WI Cambridge and Langan Financial Group does not offer legal advice. Estate planning services are in regards to your overall financial plan. Always be sure to speak to a legal professional in regards to specific legal matters. Fixed insurance services offered through Langan Financial Group.
Testimonial/Endorsement Disclosure: The testimonials may not be representative of the experience of other customers. The testimonials are no guarantee of future performance or success. All of the testimonials/endorsements are clients with the exception of Steven Martinez of York SPCA. There was no cash nor non-cash compensation for any of the testimonials provided.
© Langan Financial Group
Harrisburg, PA Office
Address: 1863 Center St, Camp Hill, Pa 17011
Phone: 717-288-1880
York, PA Office
Address: 3405 Board Rd, Suite 200, York, Pa 17406
Phone: 717-773-4085
