Nationwide Planning enters Puerto Rico market
Nationwide Planning Associates, a Financial Industry Regulatory Authority-regulated broker-dealer, has entered the Puerto Rico market to offer its full-service financial model to individuals, businesses, financial intermediaries, and institutions.
Starting with the opening of four local offices across San Juan, Hato Rey and Guaynabo, the company aims to place the safety of client assets and the best interests of its customers as a top priority, company executives said.
“We know that today, more than ever, Puerto Rican clients need financial advisors they can trust,” said Michael J. De Pol, founder. “Their financial future needs to be secure and stable, and we are committed to providing services based on the highest ethical standards. We take our responsibility to ensure honest and trustworthy services very seriously.”
Nationwide does not offer proprietary products, so its advisors are not pressured to sell specific products or investments. Advisors have access to independent research and technology that help guide rational decisions through the challenges of the marketplace and the result is a commitment to an open architecture investment program, or in other words, a full range of investments, insurance and financial solutions, executives said.
“Other institutions may feel pressured to push their own products despite known weaknesses,” said Financial Advisor Antonio Suárez. “Those policies have had adverse effects on a client’s portfolio and impacted their hard earned savings. Our job is to look out for our clients’ best interests.”
“We are excited that Nationwide Planning Associates Inc. is entering the Puerto Rico market and look forward to returning the trust and confidence in financial advisors to clients here on the island,” he said.
Nationwide Planning Associates is looking to increase its presence through its association with local advisors and clerical staff in the next 24 months, for which it will be hiring, said Suárez, who can be contacted at: firstname.lastname@example.org.