Financial Planning Firm
Mark G. Spinelli, CPA CFP & Spinelli Financial Advisors in Warren, New Jersey, is a financial planning and accounting firm providing wealth management, tax preparation, and more. Led by Mark G. Spinelli, certified public accountant and financial planner, our firm follows the five core principles:
- Put the client's interest first.
- Act with prudence; that is, with the skill, care, diligence and good judgment of a professional.
- Don't mislead clients; provide conspicuous, full and fair disclosure of all important facts.
- Avoid conflicts of interest.
- Fully disclose and fairly manage, in the client's favor, unavoidable conflicts.
What Sets Us Apart
We are committed to running our business with your best interest as our only concern. Our firm offers only fee-based financial planning, which means that we are paid by our clients, rather than on commission by the owners of any investment products recommended.
Fee-based financial planning is the industry gold standard, and is the only business model that allows us to provide truly unbiased research and guidance. Fee-based financial planning allows us to select investments, which are in your best interest, rather than investments that will pay us the largest commission. Consequently, it allows us to build some of the most tailored portfolios in the industry, as we are not bound to any brand of investments.
Why is the Fiduciary Standard Vital?
Investors must be able to count on professionals they can trust. The fiduciary standard legally requires a financial adviser to act, like a medical doctor, completely in their clients' best interest. In contrast, the "arms-length" standard allows a broker to sell clients products in the best interest of his or her employer.
This difference is stark. If a broker wrongs an investor, the investor's burden is to prove the broker is wrong; if a fiduciary advisor wrongs the investor, it is the advisor's burden is to prove he is right.
These opposing roles have practical consequences for investors. The advisor is required to put investors' best interests first; disclose conflicts and all important facts; avoid or manage in the investor's interest all material conflicts; disclose fees and control expenses; follow and document a due diligence process in making decisions; and diversify investments. A broker, just meeting the minimum legal requirements, has no such duties.
Contact us at (732) 564-9404 in Warren, New Jersey, to learn more about our financial planning firm.