OUR PHILOSOPHY
Our fees are not for attempting to predict the short-term movements of the markets or what the economy will do
No one can accurately or consistently do that. Our fees are for comprehensive financial planning and preparation, not predictions and products.
Financial markets are complex but don't require complex solutions
Although more complicated or exotic strategies could possibly prove correct, the simplest solutions usually make the most sense and are the easiest to execute and manage. Remember what DaVinci said "Simplicity is the ultimate sophistication".
The enemy of a good plan is the dream of a perfect plan
The is no such thing as a perfect plan. If there is a perfect plan, it's the one you can stick with year in and year out.
Time is more important than timing
Investment decisions should be made within the context of a multi-decade time horizon and not based on current market conditions, political or world events.
Investment behavior plays a key role in outcomes
Good investing isn't necessarily about earning the highest possible returns. It's about minimizing mistakes and doing the same thing for decades on end.
Focus on what you can control
How much you spend, save, investment costs, asset allocation, emotional responses, investor behavior, tax efficiency, etc. These are areas in which you can actively improve outcomes. They deserve substantially more attention than attempting to predict the future. Ignore the things that you have no influence or control over.
If you want action, go to Vegas
If investing is exciting, you're not investing, you're speculating...gambling. Investing should be simple and boring. The market favors those with patience that can ignore the noise. There will be lots of noise.
The markets are volatile
Volatility is a feature of the markets, not a defect. We do not call you everytime the market hiccups. There will be lots of hiccups. We do not make long-term decisions based on current events.
FIDUCIARY OR SUITABILITY STANDARD?
A fiduciary advisor is legally required to put your best interests first.
Fiduciaries must also be upfront about fees and avoid conflicts of interest. We work directly for our clients, not brokerage firms or insurance companies.
By contrast, a Series 7 Registered Representative works for a brokerage firm, not the client. The same is true for most insurance agents. They represent their company’s interests while offering "suitable" advice or products—sometimes favoring commission-based options that benefit the firm.
The suitability standard is a lower standard of care, as they are not legally required to put your best interests first.
Gibson Wealth Advisors is held to a the higher fiduciary standard.
Copyright © 2023 Gibson Wealth Advisors - All Rights Reserved. Gibson Wealth Advisors, LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Gibson Wealth Advisors, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Gibson Wealth Advisors, LLC unless a client service agreement is in place.
Members of Ed Slott's Elite IRA Advisor Group train with Ed Slott and his team of IRA Experts on a continuous basis. These advisors pass regular background checks, complete requisite training, attend semi-annual workshops, webinars, and complete mandatory exams.
They are immediately notified of changes to the tax code and updates on retirement planning, so you can be sure your retirement dollars are safe from unnecessary taxes and fees.
Additionally, members have access to us, America’s IRA Experts to answer any tough questions or planning needs.