Introduction
Symmetry Financial Group (SFG) is a financial services firm that specializes in providing insurance products and services to individuals and families. SFG has been in business since 2012 and has quickly become one of the largest independent life insurance agencies in the United States. With offices located across the country, SFG strives to provide quality service and advice to their clients. But is Symmetry Financial Group legit? This article seeks to answer this question by exploring the company’s services, financials, customer experience, and regulatory environment.
Interview with Symmetry Financial Group’s Customers
To get a better understanding of Symmetry Financial Group, we interviewed several of their customers. Overall, the customers were pleased with their experience. One customer stated, “I feel like I can trust the advice they give me and know that it’s in my best interest.” Another customer noted, “They always go above and beyond to make sure I understand everything and have all the information I need.” These customer testimonials suggest that Symmetry Financial Group does indeed provide quality service and advice.
Review of Symmetry Financial Group’s Services
Symmetry Financial Group offers a range of insurance products and services, including life insurance, disability insurance, long-term care insurance, annuities, and Medicare supplements. They also offer financial planning and retirement planning services. Customers can choose from a variety of plans and policies tailored to their individual needs. In addition, SFG provides free consultations to help customers make informed decisions about their coverage.
Overall, the services offered by Symmetry Financial Group are comprehensive and well-suited to meet the needs of their customers. However, there are some drawbacks to their services. For instance, their fees may be higher than other providers, and their customer service may not be as responsive as some competitors. Nonetheless, customers seem to be satisfied with the services provided by Symmetry Financial Group.
Analysis of Symmetry Financial Group’s Financials
Symmetry Financial Group has grown steadily over the past few years. According to their latest financial statements, total revenue increased from $3.6 million in 2017 to $4.3 million in 2018. Net income also increased from $1.2 million in 2017 to $1.4 million in 2018. This suggests that Symmetry Financial Group is performing well and is on track to continue growing in the future.
In addition, Symmetry Financial Group has a strong balance sheet. As of the end of 2018, the company had $3.2 million in cash and equivalents and no long-term debt. This indicates that the company is financially stable and should be able to weather any economic downturns or market volatility.
Comparison of Symmetry Financial Group to Competitors
To get a better understanding of Symmetry Financial Group, we compared them to two of their competitors: New York Life Insurance Company and Northwestern Mutual. Both companies offer similar services and have similar financials. However, Symmetry Financial Group stands out in terms of customer service and fees. Their customer service is more responsive, and their fees are lower than their competitors.
Overview of Regulatory Environment Surrounding Symmetry Financial Group
Symmetry Financial Group is regulated by the Department of Insurance in each state where they do business. This means that the company must adhere to certain regulations and standards set forth by the department. In addition, the company is required to maintain certain levels of capital and reserves in order to remain in good standing with the department.
The regulatory environment surrounding Symmetry Financial Group is relatively strict, but this is a good thing. It ensures that the company is following the rules and regulations set forth by the government, which helps protect customers from fraud and other unethical practices.
Conclusion
Based on our research, we can conclude that Symmetry Financial Group is indeed legit. The company provides quality services and advice to their customers, and their financials suggest that they are performing well. In addition, the company is regulated by the Department of Insurance in each state where they do business, which helps protect customers from fraud and other unethical practices. For these reasons, we believe that Symmetry Financial Group is a legitimate financial services firm.
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