Growing up in small town there were limited choices
for such things as restaurants, clothes, new movies, etc. As consumers, we
either had to settle for what was available locally or make trips of an hour or
more to increase our purchasing options.
Another area where choices were limited in
Ellensburg was financial services. We had a couple of brokers in town but both
were focused on selling products with high commissions and not financial
planning. When my family and I were considering moving to Crossville, Tennessee
I found the financial service choices were similar to where I grew up. This
would be a great opportunity to provide the people of Crossville and the
surrounding area another choice for financial advice. Advice that is in the client’s
best interest, comprehensive, conflict-free and fee-only.
Peterson Wealth Advisory is the only independently
owned Registered Investment Advisor (RIA) firm employing a Certified Financial
Planner™ in Crossville, TN. There are significant differences between my firm
and brokers like Edward Jones. Peterson Wealth Advisory is paid directly by our
clients on a fee-only basis, we disclose any and all conflicts of interest, and
have a duty to put our client's interests first.
Dually registered advisors/brokers may say they are fee-based but this just means they can play both sides of the fence. On one hand they can be paid a fee by the client for advice but at the same time they can sell a product that earns them a big commission. As their client, it is not clear what angle they are taking and if they are taking advantage of you.
Peterson Wealth Advisory is unbiased and completely independent. We do not receive kickbacks or revenue from mutual
funds for selling their products. Conflicts can arise when fund A pays more to the advisor but fund B costs less and performed similarly. We don't sell insurance or complex annuities for their big commissions. But, we
will review your insurance and help you shop around for the most appropriate
and inexpensive policies.
My company has been in business for five years and
I have been an advisor since 2006. Even before that, I had a strong interest in
financial planning and investing. I used summer job earnings to buy stocks and
mutual funds as a young teenager and then later earned my bachelor's degree in
Business Administration/Finance. I have experienced the benefits of saving
early and growing wealth through investing.
When I work with clients, I take the time to get to
know them personally, their life experiences, and understand the quality of
life they are striving towards. Until we first know the answers to these
more impactful questions, we can’t possibly make recommendations about all of
the traditional financial planning tools like insurance and investments.
If you live in Crossville or somewhere nearby and are interested in
learning more about the new choice you have for financial advice, please
contact me. I will be happy to meet with you and share my financial planning
expertise and knowledge with you.