Vail Valley Bizwatch: Colorado Financial Partners
Vail, CO, Colorado
Business name: Colorado Financial Partners LLC.
Date opened: September 2008.
Owner: Tracy Tutag.
Contact info: Located at 105 Edwards Village Blvd., C-201, inside Wall Street Insurance. The phone is 970-926-6911, the Web site is http://www.coloradofinancialpartners.com, and the e-mail is firstname.lastname@example.org.
What goods or services do you provide? I help families and businesses make sense of their financial situations and work with them on their financial planning, retirement accounts, college funding, insurance needs, estate planning, elder care and more.
I am a retirement planning specialist for individuals and businesses (401K plans, Savings Incentive Match Plan for Employees of Small Employers, etc.). It has become increasingly important to work with individuals who are at or near retirement to develop income and expense strategies. As a certified divorce financial analyst, I also work with divorcing couples or individuals with the financial transitions of divorce and help them evaluate the impact of various property-settlement scenarios.
What strategy do you use to differentiate your business from your competition? I believe that the need for objective financial advice has never been greater. As an independent adviser, I am able to provide information and advice that is straightforward and transparent and not subject to corporate products or services. To assure my clients of the continuation of services and to access collective resources and experience, I chose to join Colorado Financial Partners LLC.
Colorado Financial Partners LLC is a unique group composed of more than 50 independent financial advisers located throughout Colorado and Southern Wyoming. The partners are affiliated with LPL Financial, the largest independent broker-dealer in the nation (as reported by Financial Planning magazine, June 1996 to June 2008, based on total revenues).
As LPL’s largest branch office in Colorado, the partners provide intelligent, caring financial-planning and wealth-management strategies to more than 10,000 clients.
What philosophy do you follow in dealing with your customers? What can your customers expect from you? We are going through an unprecedented time with the stock market volatility at a time when the Baby Boomer generation is retiring. There is an overwhelming abundance of information from various sources which has led to an incredible amount of fear and uncertainty.
I help clients work through their goals and priorities to develop a realistic financial plan and work their accountants and attorneys, when appropriate. My goal is to provide consistent personal service and communication in good markets and bad. The financial strategies we implement are based on the clients’ needs and modified as their lives change.
Tell us a little about your background, education and experience. I have been fortunate to live in the valley since 1988 and was a physical therapist before becoming a financial consultant in 2002. My desire to work comprehensively with clients motivated me to obtain the certified financial planner designation in 2007.
Early in my career, I found myself working with several women who were getting divorced. Recognizing the need for this service, I completed the certified divorce financial analyst requirements in 2005. I believe that the insurance and annuity training that I received at my prior firm, combined with the objective investment research that I have access to now, allows me to provide comprehensive, unbiased advice and resources to my clients.
What is the most humorous thing that has happened at your business since you opened? Money hasn’t been funny for a while … and the rest is confidential!
Snowplowing efforts are a prime example of how sometimes the very people who need a service hinder its delivery.