Financial advisors provide a wide range of services to their clients to help them achieve their financial goals. We recently talked with Dec McClelland, AAMS® and Bob McDowell, AAMS® Financial Advisors with Edward Jones who are helping our community with investment and financial education. These loved locals have made significant contributions to their clients' financial well-being. With their wealth of experience and dedication to their work and their clients, they have become trusted financial advisors in our coastal community.
Dec started as a sportscaster where he developed an ability to help others visualize critical events and understand subtle nuances that added life to the story unfolding. Dec would later discover a career that perfectly aligned with his strengths and passion for helping others; he could teach with a sense of humor while being a coach and mentor that people needed in one of the most challenging parts of their lives - finances. Dec became a financial advisor in 2003, becoming the first financial advisor for Edward Jones on the island. Dec has proven to be exceptional at guiding his clients through life's financial challenges. He takes great pride in helping a person, family or business develop strategies to maximize their opportunity to meet their financial goals and take care of those that matter along the way.
Bob’s journey in the financial industry began after a distinguished career in the United States Army as a Green Beret. His 'others before self' mindset, teamwork mentality, and excellent communication skills have been invaluable in his role as a financial advisor. Bob's ability to effectively convey complex financial concepts to his clients has helped them navigate some of the most important aspects of their lives when it comes to finances. His passion for helping people shines through in his work, adding immense value to the lives of those he serves. “I want to help others and the best way I can do that in this capacity is to help them have a solid understanding of their current financial status, listen to their goals, understand their needs, and help them to develop a plan to get to where they want to be.”
Dec and Bob are deeply involved in their community. They serve on numerous boards, sponsor charities, participate in local activities and have a genuine commitment to community involvement that reflects their belief in giving back, investing in their communities, and making a difference.
Together, Dec and Bob form a powerful team. With their knowledge, expertise, and genuine care for their clients' financial well-being, they help individuals and families maximize their opportunities for financial success. Whether it's planning for retirement, managing investments, or navigating financial milestones, Dec and Bob provide personalized guidance and support and they are fiduciaries, which means they do things in your best interest. They make it a point to understand you, build a strategy around you, and consistently place your interests and objectives above their own.
Some of the common services offered by financial advisors include investment management, retirement planning, tax planning, estate planning, and risk management.
Investment management encompasses their clients' risk tolerance, investment objectives, and time horizon.
Retirement planning. Assists in developing portfolios and plans, optimizing contributions, and creating income strategies for the post-retirement phase.
Tax planning. Work with tax professionals to develop strategies to reduce the impact of taxes on investments and income.
Estate planning. Work with attorneys to help clients to ensure the smooth transfer of assets to their heirs.
Risk management. Help clients prepare for the unexpected. Review insurance policies, such as life insurance, health insurance, and disability insurance, to ensure adequate coverage.
Financial advisors provide ongoing monitoring and review of their clients' financial plans. Through regular reviews and a personal relationship, they help navigate the financial implications that can come with marriage, divorce, children, job changes, relocations and planning for life when you are gone.
Financial advisors provide a wide range of services to their clients to help them achieve their financial goals.
