Newspaper article THE JOURNAL RECORD

Planting the Seeds for Long-Term Growth

Newspaper article THE JOURNAL RECORD

Planting the Seeds for Long-Term Growth

Article excerpt

Today's shaken economic environment makes long-term investment a tremendous task. Yet with the wide range of financial advisors in the market today, investors have plenty of sources to turn to for help in planting the seeds for long-term financial growth.

Many advisors, from life insurance agents to accountants or brokers, are offering a variety of products - and some, the same products.

Offices are being transformed into financial centers for one-stop shopping, permiting the investor to abbreviate the process of seeking advice in the various areas - whether it involves estate planning, life insurance or money funds.

There are all kinds of products, but it's the knowledgable, qualified advice that makes the difference. In the current shaky economic situation in Oklahoma, there are probably many investors wondering if they are using the right instruments to attain their goals, or if transitions in the market over the last few months warrant another look.

Others may feel there is not enough diversification between investments, or a vehicle that worked a few years ago may not be working now.

In an attempt to provide long-term investment advice from various financial industries, a patterned individual was created based on surveyed characteristics of the average Journal Record reader. Then four different financial advisors were asked to make assumptions where needed in order to fill the request:

- Charles Hull, agency supervisor for Oklahoma Financial Group/CM (Conneticut Mutual) Alliance and president of the Oklahoma City Association of Life Underwriters.

- Susan McArthy and Marc Sommers, investment management consultants for Dean Witter Reynolds Inc. in Oklahoma City.

- Troy Jones, a financial planner with Beagle & Associates and president of the Central Oklahoma Society of Certified Financial Planners, and Nevin Beagle, president of Beagle & Associates in Oklahoma City. …

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