Valic Financial Advisors Inc (VFA) is a financial advisory firm that provides investment management and financial planning services to individuals, businesses, and institutions. The company was founded in 1955 and is headquartered in Houston, Texas.
VFA is a subsidiary of The Variable Annuity Life Insurance Company (VALIC), which is a member of the American International Group (AIG) family of companies. VFA has over 1,800 financial advisors and manages over $91 billion in assets as of 2021.
VFA offers a range of investment products and services, including mutual funds, annuities, managed accounts, and retirement planning services. The firm’s financial advisors work with clients to develop personalized investment strategies based on their unique goals, risk tolerance, and time horizon.
As a registered investment advisor, VFA is subject to regulatory oversight by the Securities and Exchange Commission (SEC) and state securities regulators. The firm is also a member of the Financial Industry Regulatory Authority (FINRA).
Valic Financial Advisors Inc (VFA) offers a range of investment management and financial planning services to individuals, businesses, and institutions. Some of the services provided by VFA include:
- Financial planning: VFA financial advisors work with clients to develop personalized financial plans based on their goals, risk tolerance, and time horizon. This includes retirement planning, education planning, estate planning, and tax planning.
- Investment management: VFA offers a range of investment products and services, including mutual funds, annuities, managed accounts, and alternative investments. VFA financial advisors can help clients select appropriate investments based on their investment objectives and risk tolerance.
- Employee benefits: VFA provides employee benefit services to businesses, including 401(k) plans, pension plans, and executive benefits.
- Insurance services: VFA offers various insurance products, including life insurance, disability insurance, and long-term care insurance.
- Trust services: VFA provides trust services to help clients manage their assets and transfer wealth to future generations.
VFA financial advisors work with clients on a fee basis, either charging a percentage of assets under management or a flat fee for financial planning services. The firm’s fee schedule and investment minimums may vary depending on the advisor and the services provided.
As a private company, Valic Financial Advisors Inc (VFA) does not publicly disclose its revenue or earnings. AIG is a publicly traded company, and its financial statements report the revenue and earnings of its subsidiaries, including VALIC.
According to AIG’s 2021 financial statements, VALIC’s operating income was $393 million for the year. It’s important to note that VALIC provides various financial services, not just investment management and financial planning services through VFA. Therefore, it’s unclear how much of VALIC’s operating income is attributable to VFA.
It’s also important to note that VFA financial advisors work on a fee basis, either charging a percentage of assets under management or a flat fee for financial planning services. The firm’s fee schedule and investment minimums may vary depending on the advisor and the services provided.
There may be various reasons why someone would choose to become a financial advisor with Valic Financial Advisors Inc (VFA), including:
- Comprehensive services: VFA offers a range of investment management and financial planning services, which can help financial advisors meet the diverse needs of their clients.
- Strong brand recognition: AIG is a well-known and established brand in the financial services industry, which can help attract clients and build credibility.
- Robust technology platform: VFA provides its financial advisors with access to a range of technology tools and resources to help them manage client accounts and provide efficient service.
- Professional development opportunities: VFA offers ongoing training and professional development opportunities for its financial advisors, which can help them stay up-to-date with industry trends and regulatory changes.
- Flexibility: As a financial advisor with VFA, you may have the flexibility to work independently and set your schedule, which can be appealing to those who value autonomy and work-life balance.
It’s important to note that becoming a financial advisor requires specific skills, qualifications, and licensing. Additionally, success as a financial advisor is dependent on building a strong client base and providing excellent service. It’s important to carefully consider these factors and determine if a career as a financial advisor is the right fit for your skills, interests, and goals before deciding to work with VFA or any other financial advisory firm.
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