A Worry-Free Retirement
As the saying goes: “there is no ‘I’ in team,” and for the McNeil, Ahrens, & Lambert Financial Group, LLC, that motto is exactly how the Mobile, Alabama firm operates each and every day. The team approach is what partner John R. McNeil, Sr. credits as the best method to help clients maneuver through today’s complex financial services world, so they can retire with confidence.
For McNeil, the team isn’t just like his family; it truly is his family. He joined the firm in 1979, after majoring in finance at the University of Alabama and went to work with his father and grandfather – a tradition that has been carried on since.
“My grandfather started the firm in 1922, my father joined after the war in 1946,” McNeil told The Suit Magazine. “I joined in 1979 and my daughter, Virginia, joined the firm two years ago. Someone in our family has been with the firm for four generations.”
This isn’t to say that since 1922, it has been only business as usual for the McNeil clan or for the firm. When he joined in 1979, it was common for firms to represent one company, making it basically an insurance company at that time. In the early 1980s, the firm shifted from a general agency to a brokerage agency and rather than representing one company, it opened to other companies, “provided those companies had the ratings and financial stability for us to entrust our clients’ money with them,” McNeil clarified.
Today the emphasis is on retirement income distribution and on helping clients maximize their income while minimizing taxes. The goal is positioning client assets so that, in the words of McNeil, “(They) can move from a growth and accumulation phase into the decumulation phase, while making sure that they don’t run out of money before they run out of time.”
A shift from the alpha approach to a more conservative approach was made, especially for those new baby boomer clients who had to live through the ‘lost decade’ following losses in 2000 and again in 2008. McNeil has helped clients see where they were before, noting, “They never understood what their money was doing. People in the past didn’t understand how they were invested and how risk and reward were overlapping. They didn’t realize that
Partner / John R. McNeil, Sr.