Myrtle Beach Investment Advisors
Coastal Capital Advisors, LLC, located in Myrtle Beach, SC, is a fee-only financial planning firm. This aligns our interests and allows the client to get purely objective advice. Our firm specializes in asset management including wealth accumulation, wealth preservation strategies, and tax planning strategies for high net worth clients. Typical clients include retirees, business owners, and entrepreneurs.
Coastal Capital Advisors, LLC believes service and attention are the core of every relationship we have with our clients. We strive to maintain those beliefs with each client while providing traditional wealth management services as well as comprehensive cash flow modeling, income tax planning, insurance and estate planning services, generational wealth transfer and charitable planning advice. We emphasize risk management with every position exposed to the changes within the markets and feel that exit strategies are just as, if not more, important than entry strategies.
The Advisor Difference
We feel client goals, not a broker’s method of compensation, should drive all recommendations. This is not always the case in this business. Brokers sell financial products and do not have a fiduciary relationship with their clients. Instead, they have a principal-agent relationship with a product provider and a salesperson-customer relationship with a client. Therefore a broker’s intentions might not always be in line with what is ultimately best for the client. Broker compensation may be based solely on the quantity of the products they sell instead of the quality of their advice. As a registered investment advisor firm, we have a fiduciary obligation to each client. We do not believe the direction of your financial future should hinge on you making the right purchase, but you making the right decisions along with the direction provided by your advisor.
The Importance of a Strong Advisor Relationship
At Coastal Capital Advisors, LLC we usually determine after a few meetings whether or not we are going to be a good fit to work together. We try to be selective in who we work with because client expectations must be in line with the advisor’s or the relationship will quickly dissolve. We want to maximize our impact on each client and in order to do so we must have a strong trusting relationship.