by HELEN ANDREOLI, CFP®
When it comes to managing your finances, trust is everything. The decisions made with your wealth manager can shape your future, impact your lifestyle, and influence the legacy you leave behind. That’s why the independent business model in the wealth management world can be a big deal; advisors are allowed more freedom to act without outside pressure or influence… truly considering the client first.
In Maine, we understand that trust is further built from personal relationships, genuine commitment and doing things the right way… not the easy way. Let’s explore why all of this matters so much and the impact it can make for you as a client.
Client Focused
We believe one of the biggest challenges in a traditional wealth management setting is avoiding conflicts of interest. Some advisors earn commissions or have quotas to meet, which can skew their recommendations. Independent wealth managers often use a fee-only model, meaning they’re paid for their services—not for selling products. This structure keeps their focus on you and your financial goals, plain and simple.
Advice with Authenticity
Imagine working with your advisor knowing they’re recommending solutions because they’re the best fit—not because someone told them to. That’s the beauty of independence. The wide range of options when building your financial plan and the transparency that comes with this guidance allows for a trusting relationship… which is especially comforting when you’re making big decisions.
Rooted in Trust
Trust isn’t something that happens overnight. It’s built over time through reliable communication, honest advice, and shared successes. This kind of relationship—rooted in trust—can give you the confidence to face financial challenges and make educated moves for the future.
Flexible and Creative Solutions
Being independent also means being nimble. Independent wealth managers aren’t bogged down by layers of bureaucracy, so they tend to adapt quickly to changes in the market or your personal situation. They can also explore innovative strategies and tools to help you reach your goals. It’s a more personalized, creative approach so you can live your best life.
Collaboration with Neighbors
Our firm is proud to be locally owned and operated. Being deeply rooted in the community allows us to understand the unique needs of our clients and provide a personal touch that larger, corporate firms often can’t match. This local perspective helps us build stronger relationships and deliver advice that aligns with the values and priorities of the people we serve.
More and more people are realizing the value of working with independent advisors, and it’s easy to see why. In our opinion, freedom from corporate agendas and a concentrated focus on what’s best for you is a refreshing alternative to the traditional wealth management model. And it’s gaining traction for good reason.
Questions? We’d love to continue the conversation.
Helen is the Managing Partner at Great Diamond Partners.
Reach her at 207.274.2505 or handreoli@greatdiamondpartners.com.
DISCLOSURES
Great Diamond Partners, LLC is registered as an investment adviser with the Securities and Exchange Commission (SEC). Great Diamond Partners only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability.
This report is a publication of Great Diamond Partners, LLC. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. Information contained herein does not involve the rendering of personalized investment advice but is limited to the dissemination of general information. A professional adviser should be consulted before implementing any of the strategies or options presented.
The firm is not engaged in the practice of law or accounting. Content should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.
This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Great Diamond Partners, LLC. Great Diamond Partners, LLC reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. The views expressed represent the opinions of Great Diamond Partners, LLC which are subject to change and are not intended as investment advice or a forecast or guarantee of future results.
Cover photo by Geber86 licensed from Adobe Stock