Financial consultants and legal experts make for a powerful combination for clients.
Whether personal or business, almost every aspect of life events with financial impact is regulated. From growing and protecting wealth to distributing and claiming it.
Yet, people often seek or provide expert advice in silos – with financial solutions drawn up without legal input, or vice versa.
As part of its partnership commitment, Quadrant Law LLC is providing complimentary consultation for the first half hour to SG Alliance clients.
Today’s financial consultants (FC) are well equipped with the know-how, tools
and related regulatory knowledge to manage a range of financial needs. However, having ready access to legal expertise beyond their scope and depth will significantly improve their appeal, credibility and trustworthiness in their clients’ eyes.
Both FCs and legal advisors (LA) seek to protect and maximise client interests. Both provide support and solutions based on their professional assessment of the client’s background, priorities, risk areas and risk appetites.
With strategic partnerships working best when parties involved have complementary expertise, common objectives and similar modus operandi, the financial-legal partnership makes for a natural team-up.
For every financially impactful event that an FC client encounters, there is an LA with the corresponding expertise to support it, from work and business, to marriage, divorce, and death.
Take for example events affecting personal finance planning such as a change in employment.
An FC is well placed to advise on the possible adjustments to the client’s financial plans in light of the likely income change.
An LA however will be able to help the client make a more informed decision before moving ahead with the job-change by examining if the new work contract contains potential pitfalls. These may include restrictive covenants that could affect expected long-term income security.
For investing on a commercial level, the FC is the expert in helping clients recalibrate their financial blueprint in view of their business aspirations or commitments.
The corporate LA on the other hand can provide advisory support throughout the business life cycle, from investor matchmaking, fundraising, business structure, licensing, compliance, operations, and if it comes to it, dissolution.
When client, FC and LA come together, communicate and move in stride in the same direction, the outcome for the financial client is a plan that is more professional, coordinated, satisfying and effective.
As society evolves and financial management become increasingly complex, client demands and expectations of their FC will also grow. The future is challenging but exciting. And the way forward need not be a lonely one.
SG Alliance has forged strategic partnerships with like-minded legal professionals such as Quadrant Law LLC, a specialist in corporate and commercial law. All you need to do is reach out and get in touch with any of our financial consultants.
– Bernard Tan, Founder Quadrant Law
“Part of a lawyer’s skillset is identifying risks in any proposed solution. Financial consultants can tap on that. Even better, the lawyer and consultant can together get a common understanding from the client, provide coordinated views and suggest solutions that actually work from a holistic perspective for the client,” says Tan.
The client is not the only winner in this arrangement.
Integrating professional legal expertise as part of their holistic service approach can be a differentiating factor for SG Alliance’s financial consultants.
“From listening to each other as we work together, we will be able to learn from one another. We can pick up knowledge, viewpoints, concepts and problem solving skills from each other,” Tan explains.
As part of the partnership commitment, Quadrant Law LLC is providing complimentary consultation for the first half hour for SGA consultants and their clients.
For more information, email Bernard Tan at firstname.lastname@example.org