Frequently Asked Questions
What services do you perform?
Our services include retirement planning, insurance planning and product offerings (including safe money alternatives), and investment advisory services through Foresight Investment Advisors, LLC an Arkansas Registered Investment Advisory firm.
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Where do we start?
The first step is to sit down with one of our financial advisors via phone or face to face. He will review your current financial situation and discuss your goals, objectives, and needs. He will also gauge your risk tolerance to determine which services are right for you. After your in-depth review, a plan is put in place to help you attain these goals. These recommendations will be thoroughly discussed at your second appointment.
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Are you a fiduciary?
Our advisors are licensed fiduciaries in addition to insurance agents. They will exercise the highest degree of care in the maintenance and preservation of your rights and assets. You can expect full disclosure, loyalty, and the utmost diligence in the handling of your account.
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Do you have minimum portfolio size or minimum fee?
We are able to work with portfolios of all sizes. Our advisors are dedicated to helping people of all income and estate ranges, from modest to wealthy. We can provide you with more details upon meeting you.
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What is your investment philosophy?
This is different for everyone, and takes into account your personal financial situation, goals, risk tolerance, and current economic conditions. We believe that as you near or are in your retirement years you need to have your money invested and managed more conservatively than you might have before. We will be completely up front if we believe we are not the right firm right for you.
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How are you paid?
If an insurance product is purchased, the insurance company pays us a referral fee or commission that does not come out of your money. For investment advisory services, Foresight Investment Advisors will collect a quarterly fee based on your account size.
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What are your fees and what are the funds’ fees?
This information varies based on your account and value. An advisor of Foresight Investment Advisors, LLC can provide you with more details. All fees will be discussed in writing prior to entering into an investment advisory agreement with Foresight Investment Advisors, LLC.
What asset allocation will you use for my portfolio?
This will be discussed and presented to you by an advisor of Foresight Investment Advisors, LLC.
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How often will we meet?
After your initial consultation with one of our advisors, we will appoint a time for you to come in and hear our recommendations. This appointment generally lasts from 1-2 hours. We will be in contact with you frequently to discuss the implementation/transfers of your funds while your accounts are established. We will then meet yearly for the annual review of your accounts. However, please contact us any time you would like to speak with your advisor. We are always willing to meet with you at any time.
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Who is responsible for setting up meetings and initiating contact?
After your recommendation appointment we recommend meeting at least every year for your annual review. We will contact you when the time is nearing. However, if you would ever like to come and speak with your advisor please contact us.
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What is the difference between a fixed annuity and a fixed index annuity?
With a fixed annuity, your interest rate is locked in for an initial period (normally between 5-7 years) and when the period ends, the insurance company will designate a new rate of return for the succeeding period. If you are interested in protecting the principal of your funds and receiving a competitive fixed rate of return, you may be more comfortable with this annuity, as it includes a guaranteed minimum rate that will be paid regardless of economic conditions. Fixed index annuities (FIA) are long-term investments. FIAs will offer a minimum guaranteed interest rate linked to a market index. They have the potential to earn better interest than a fixed annuity when the market is on the rise. However, FIAs are not stock market investments, but insurance contracts. If you choose to surrender your FIA early, you can expect to pay a significant surrender charge.