James F Prioletti - Ameriprise Financial Services, Inc.

241 E Genesee St SyracuseNY13202
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The advisor listed is an Ameriprise financial advisor in Syracuse. Comments are not verified, may not be accurate and are not necessarily representative of the experiences of the advisor's clients. Live life brilliantly.What matters most to you in life? It's a big question. And it's one of many questions I'll ask to better understand you, your goals and your dreams. I may ask questions that...
by merchantcircle on July 26, 2015 from merchantcircle

Member Reviews

7 signs that you are getting a bad financial advisor:
1) Never asked to see your tax return. Tax rates are set to skyrocket in a matter of months, so when’s the last time your adviser asked to review your tax return? If you want to take advantage of the tax laws for the informed, then your adviser should be monitoring your tax return every year. Maybe you’re missing out on a valuable Roth conversion, missing deductions, or just simply paying too much in taxes. Your tax return is the heartbeat of your financial life. If it’s not being reviewed regularly, that’s a giant red flag.

2) Portfolio contains only one type of investment. There isn’t a one-size-fits-all investment, so your portfolio shouldn’t be made up of just one type of investment (mutual funds as an example). Nothing screams “product salesman” as loudly as a single-product portfolio.

3) No distribution strategy for your IRAs. For years, you’ve had a plan for putting money into IRAs and 401(k)s, but what’s your plan for when all that taxable money comes out? Anyone can come up with an investment plan for your pre-tax accounts, but it takes a real pro to make sure a distribution strategy is in place to limit the government’s take.

4) Working with a generalist. Does your adviser work with people of all ages and backgrounds? NO ONE can be ALL things to ALL people AND be really good at his job. Cardiologists, for example, get paid more than a family physician because they specialize. The same goes for wealth advisers. A specialist may cost more than a generalist, but you pay for what you get—specialized advice.

5) Same old advice. Still hearing the same thing you heard back in 2008? “Hang in there, it will come back.” “It’s only a paper loss.” You won’t hear these excuses from a good, proactive adviser. If your adviser is paid only when your money is invested in the market, what else would you expect from him/her? Isn’t it time for a fresh take on wealth management?

6) Hope as an income plan. Want to make sure you don’t run out of money in retirement? Then don’t trust the Wall Street way of taking 3-4 percent out each year in retirement. Advisers love to show you Monte Carlo simulations to prove that you shouldn’t run out of money in retirement. The key word here is “shouldn’t.” Shouldn’t implies hope, and hope is not a plan. Your income and lifestyle shouldn’t depend on the markets; they should depend on math. Work with a specialist who builds an income plan using quantifiable mathematics.

7) Weak inflation protection. With interest rates at historically low levels, combined with massive amounts of debt, inflation is on the horizon. If you’re near or in retirement, you will be negatively impacted the most. If your adviser hasn’t proactively met with you to discuss how to protect your wealth from inflation, that’s a warning sign.
by Diva1193 on October 13, 2013

Information from the business

The advisor listed is an Ameriprise financial advisor in Syracuse. Comments are not verified, may not be accurate and are not necessarily representative of the experiences of the advisor's clients. I'm passionate about financial planning. At Ameriprise, our unique and collaborative Dream> Plan> Track> ® approach to financial planning starts with your dreams, not just the numbers. Working with...
by yellowpages on January 17, 2016 from yellowpages