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Why I became a financial advisor

Why I became a financial advisor

Ehab Alalfey, Azzad Investment Advisor I have been around the wealth management industry for as long as I can remember. I recall helping my father, an immigrant to this country, with his work as a junior advisor at a practice in Maryland when he was just getting started. I would help him when I was a young teenager, going to the office on the weekends to file documents, mail out birthday cards, or whatever else was needed. English was not his first language. His colleagues would often poke fun, underestimating him and assuming that he wouldn’t do well. When times were tough for his employer, there was even a bet in the office that my father would be the first employee fired. He ended up being the best performer two years in a row and was a standout at the firm. His skill and expertise ultimately led him to start his own practice. I did not appreciate it at the time, but his work ethic stood out and has stuck with me to this day. After graduating high school, I started working for my father’s firm while going to college. In between classes and studying, I was able to pass

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Financial planning in a nutshell

You may have noticed in last month’s newsletter that Azzad was named in Financial Advisor magazine’s 2019 RIA Ranking. It’s a premier industry ranking of investment advisors based on assets under management. Azzad moved up the list from last year, which is great news. More important than that, however, are the relationships that our advisors have with our clients. As a wealth management firm, we pride ourselves on taking the time to understand the unique needs of each client and crafting responsible, appropriate financial solutions. The way we do that is through the financial planning process. We’ve gotten some questions about it, so here’s a walk-through of our five-step program: 1) Identify goals: We start with listening and learning what is important to you and identifying and prioritizing your financial goals. At what age would you like to retire? Do you want to buy a home? 2) Collect financial data: We gather and organize your financial information such as assets, income and expenses. Figuring out your net worth (assets minus liabilities) get incorporated into your plan. 3) Put it all together: We develop recommendations to optimize your goals and meet with you to go over them. Unlike other advisors you

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