What is the difference between JMG Financial and a broker?
JMG Financial considers financial planning to be the heart of the wealth management process with investment advisory services an important component to execute as part of the client’s overall holistic plan. A broker typically regards investments as the heart of their business model. A broker might offer casual financial planning advice as an ancillary service, but they usually will not be trained as a financial planner or take responsibility to implement. In addition, if they are not compensated for financial planning services, their scope is usually much more limited. For example, a broker will not typically prepare income tax returns or give specific income tax advice or provide proactive tax planning, but instead rely on the client’s tax advisor. We are often engaged by clients who have a meaningful opportunity to save income taxes on their investments with proactive tax planning strategies. As a matter of law, JMG Financial Group, Ltd. is a registered investment adviser (RIA). We a
