Jim Byrd, Founder of Safe Harbor Financial Services, LLC in Daphne, Alabama Gives the Inside Scoop on the Products That Will Float in Today’s Sinking Market
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Byrd himself has 30 years of experience in the financial industry to add to the mix. Before he founded Safe Harbor Financial Services in 2005, he worked in the insurance industry with MetLife – acquiring Leader's Conference status in his first year and quickly becoming the number-one agent for the
A "captive agent" is an insurance agent who only works for one insurance company and cannot recommend products outside of those that company sells – whether or not other products would be better suited for a particular client. Byrd says "I'm either fee-based or commission based or both. That's the way I like it because that makes me unbiased. I don't represent any one company – I represent my clients now."
Byrd has spent hours researching the best products for his clients: "I like that. Having been a captive agent for many years, you have to sell that company's products and they may not be the most competitive. Now I'm free to find the best possible products." It's his dedication to his clients that has boosted Safe Harbor to becoming one of the premier agencies in
As an Investment Advisor Representative, holding insurance licenses in
His team is a truly impressive group of professionals, including a CPA, an estate planning attorney with over 30 years' experience who was a gubernatorial candidate, and an estate planning attorney who is also a judge. They're all part of Byrd's holistic approach, which he says is the only responsible approach to have: "If you're not doing tax planning with your clients and making sure their wills and trusts are right, you're not doing your clients justice." His in-house and referred services cover retirement planning, wealth accumulation, asset protection, tax planning, long term care, estate planning, IRA legacy planning, trusts, life insurance, and RIA and 401(k) rollovers, among others.
Byrd says that in this economy, "You've got to think outside the box and look outside of traditional investments to accomplish these needs," adding "I'm not afraid to offer alternatives." One of Byrd's favorite alternatives is the fixed index annuity, which he believes is a key tool to help retirees weather the coming storms. Byrd explains, "Annuities, right now, are one of the few viable income sources left – fixed and hybrid annuities are the best I've found. When people come in and get a fair appraisal, they love the product." Byrd says his clients are more than willing to give up some liquidity for the growth and safety annuities can provide. As he likes to tell his clients and seminar participants, "Safety, growth, and liquidity – You pick two. You can't get all three."
Read more at: http://www.safeharfin.com/about2.html
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