Nerd's Eye View

SEPTEMBER 27, 2024

Also in industry news this week: As brokerage firms have faced a wave of lawsuits regarding the low interest rates paid on cash sweep accounts, some legal experts believe that RIAs could also be targeted for legal action if they allow clients' uninvested cash to sit in a cash sweep account rather than investing it or moving it to a higher-yielding (..)

Financial Planner 246

Financial Planner Fiduciary Duty CFP Accounting 246

Nerd's Eye View

SEPTEMBER 13, 2024

Which means that while many fee-only RIAs use the reduced conflicts that come with the fee-only model (as opposed to firms that receive compensation from commissions and other sources) as a key marketing talking point, the fact remains that being truly 'conflict free' is nearly impossible and such claims (which are hard to substantiate) appear to be (..)

Financial Planner 246

Financial Planner Compliance Fee Only Communication 246

Nerd's Eye View

FEBRUARY 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors.

Financial Planner 246

Financial Planner Fee Only CFP Commission 246

Nerd's Eye View

DECEMBER 6, 2023

While commission-based models remain in use, fee-for-service models (including AUM, hourly, retainer, and subscription) have become increasingly popular. Over the past several years, the financial services industry has undergone a tremendous evolution in how financial advisers deliver and charge for their services.

Investing 246

Investing Investments Retirement Planning Financial Advising 246

Nerd's Eye View

JULY 26, 2022

In this episode, we talk in-depth about how after working for years in the financial industry, Amy realized there was a missed opportunity in working with career-driven Gen X women like her and decided to focus on serving that type of clientele she knew so well, how the initial fear of launching a firm on her own initially led Amy to partner with another (..)

Financial Planner 246

Financial Planner Management Planning Financial Advisor 246

Abnormal Returns

DECEMBER 12, 2022

kitces.com) What the CFP Board is saying about cryptocurrencies. techcrunch.com) The latest financial advisor technology news including the spread of commission-free annuities. (blogs.cfainstitute.org) Advisers How the SEC now regulates investment performance advertising. riaintel.com) Older Americans are planning to stay in the homes.

Tax Planning 130

Tax Planning Financial Advising Advertising Startup 130

Tobias Financial

JUNE 15, 2025

Our Wealth Advisor, Chad Williamson, CFP® , explains that while retiring as a single person can present certain hurdles, it can also streamline the planning process. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability.

Retirement 52

Retirement Financial Advisor Retirement Planning Taxes 52

Tobias Financial

MARCH 11, 2025

Stay up to date with market insights from our Portfolio Manager, Charles Chad NeSmith, CFA, CFP. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. This is a publication of Tobias Financial Advisors.

Marketing 52

Marketing Marketing Financial Advisor CFP 52

eMoney Advisor

MAY 1, 2023

John Eing, MBA, CPA, CFP® “Understanding cultural values can make you a better financial planner. James Lee, CFP® “Financial planning services are wanted and needed, and I feel that my service to FPA is my way of scaling financial planning to more people throughout society.” Here are eight of their stories to enjoy.

Financial Planning 101

Financial Planning Planning Financial Planner CFP 101

Darrow Wealth Management

FEBRUARY 13, 2025

Fee-only firms are unique as they do not receive commissions from selling financial products, such as insurance policies or investment products. The CERTIFIED FINANCIAL PLANNER professional (also CFP professional) designation is often considered the gold standard for financial planners. On the investment side, it’s the CFA.

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Fee Only Financial Advisor Financial Planner Certified Financial Planner 56

Tobias Financial

JUNE 17, 2025

Our Senior Wealth Advisor, Yesenia Realejo, CFP® , shares her thoughts on this concern. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Finding a balanced approach can help maintain a sense of perspective.

Financial Advisor 52

Financial Advisor Wealth Advisor CFP Commission 52

Tobias Financial

MARCH 11, 2025

Our Wealth Advisor, Franklin Gay, CFP, EA was interviewed by CBS News, where he offered his perspective on the situation. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Recently, tariffs implemented by the U.S.

Financial Advisor 52

Financial Advisor Wealth Advisor CFP Commission 52

Tobias Financial

JUNE 1, 2025

Our Senior Wealth Advisor and Chief Investment Officer, Matthew Saneholtz, CFA, CFP, EA , was recently quoted in a Daily Upside article, breaking down the potential financial implications of this sweeping legislative proposal.

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Taxes Financial Advisor Wealth Advisor CFP 40

Nerd's Eye View

OCTOBER 17, 2023

In this episode, we talk in-depth about how, after realizing that his 401(k) plan participants were not being advised after they retired (and were being poached by brokers and agents trying to sell them on high-commission annuities), Brad decided to expand his business into wealth management so that he could offer advice to his mass affluent clientele (..)

Financial Planning 130

Financial Planning Planning Wealth Management Retirement Planning 130

eMoney Advisor

DECEMBER 15, 2022

There are 93,643 CFP® professionals in the United States, with 46 percent of them in the 50 and older age bracket. A CFP Board report on those who sat for the November 2022 exam showed that 68 percent were under age 40, and 35 percent were under 30. However, there are signs that a new generation of financial planners is emerging.

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Financial Planner CFP Certified Financial Planner Financial Advisor 74

Walkner Condon Financial Advisors

APRIL 21, 2023

In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. This can make it difficult for investors to fully understand the potential conflicts of interest that may exist when working with a commission-based advisor.

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Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

Walkner Condon Financial Advisors

APRIL 17, 2023

In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. This can make it difficult for investors to fully understand the potential conflicts of interest that may exist when working with a commission-based advisor.

Fee Only 52

Fee Only Financial Advisor Certified Financial Planner Commission 52

Envision Wealth Planning

MARCH 17, 2022

are paid through a commission. The individual or company is registered with either the Securities and Exchange Commission (SEC) or a state securities regulator. To find out if you are working with an actual investment adviser representative, go to the Securities Exchange Commission’s Investment Adviser Public Disclosure database.

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Certified Financial Planner Investing Investments Financial Planner 52

Harness Wealth

MAY 25, 2023

The primary fee structures are: Fee-only : Advisors only receive payment from their clients for the services they provide, not receiving any commissions or other incentives from product providers. Fee-based : This structure is a blend of fees and commissions. CFP Exam: Successful completion of the CFP exam.

Financial Advisor 52

Financial Advisor Certified Financial Planner Ethics CFP 52

Sara Grillo

OCTOBER 21, 2022

Fee-only advisor – This is an advisor that does not charge commissions and hence is believed to be more aligned with the client’s best interests. Paraplanners can also hold various designations such as the CFP® certification , ChFC, Enrolled Agent, CPA, etc. Fee-only advisors are bound to the fiduciary standard.

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Insurance Financial Planner Fee Only Financial Advisor 98

Your Richest Life

JULY 29, 2022

Your teen will receive their own debit card with no account fees, account minimum or trading commissions. At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. Financial Literacy Books for Parents. About Your Richest Life.

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Budgeting Accounting Education Fee Only 116

International College of Financial Planning

SEPTEMBER 3, 2021

The Certified Financial Planner (CFP) is the only professional who has to be qualified through a set of exams and also has to complete a long-term internship with at least 2 years of experience in the field. The CFP designation is highly respected around the world and financial planners with this designation are preferred by most investors.

Financial Planner 52

Financial Planner Financial Advisor Certified Financial Planner Commission 52

Carson Wealth

AUGUST 28, 2022

CFP® , Director of Consumer Investment Research  . They are paid a commission by their underlying broker/dealer or insurance company when a customer purchases a product, such as a mutual fund, annuity or life insurance policy. . The commission is not paid directly by the consumer. AUM Fee Model vs. Commission Model .

Financial Advisor 52

Financial Advisor Commission Insurance Financial Planning 52

Truemind Capital

SEPTEMBER 10, 2019

To ensure that the interest of your adviser is totally aligned to yours, an adviser should manage the entire investment in zero-commission products like direct plans of mutual funds and earn only from transparent fee received from you. Asset allocation is responsible for 80% of the portfolio returns and scheme selection only 20%.

Investing 52

Investing Investments Asset Allocation Fiduciary Duty 52

International College of Financial Planning

AUGUST 2, 2021

However, if you are looking to scale the top of the pyramid you must opt for CFP or the Certified Financial Planner Charter. There are two types of Financial Advisors in India – Fee-Only Advisors and Commission Only Advisors. Commission Only Advisors need to gain certification and take the Insurance IRDA Examinations IRDAI IC 38.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Fee Only 52

International College of Financial Planning

DECEMBER 23, 2023

Their compensation often comes from (1) commissions on transactions based on advice provided or (2) fees for financial plan construction. This approach equips candidates with essential skills, enabling them to swiftly become successful CFP® professionals in the fast-paced world of financial advising.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Financial Planner 52

International College of Financial Planning

JULY 10, 2023

Additionally, acquiring relevant certifications and qualifications such as a postgraduate degree in finance, chartered financial analyst (CFA) designation, or certified financial planner (CFP) certification can enhance credibility and employability. Critical skills for investment advisors include: Strong analytical abilities.

Financial Advisor 52

Financial Advisor Certified Financial Planner Financial Planner Investing 52

BlueMind

JULY 15, 2022

For example, the Securities and Exchange Commission (SEC) in the United States or The Financial Consumer Agency of Canada (FCAC) in Canada. For a CFP (certified financial planner) or RIA, the obligation to acquire complete data and provide recommendations in accordance with it is even more crucial.

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Compliance Financial Advisor Certified Financial Planner Clients 98

Sara Grillo

DECEMBER 12, 2022

Watch as all h&#@ breaks loose discussing the question of broker vs. financial advisor, commissions, fees, value, and more! The advisors made the point that the cost of insurance can’t be separated from the “cost of service” or the commission the agent makes. If you’re going out for 20 year term, who cares what the commission is?

Financial Advisor 52

Financial Advisor Commission Clients Insurance 52

Inside Information

JULY 31, 2022

The other elephant in the room is the CFP Board, which has, at various times, explored becoming a regulatory body. The cover article talked about this professional bait-and-switch, and the cover of the magazine featured a monkey in a business suit, with the caption: “These days, everybody is a financial planner. ”.

Financial Planner 45

Financial Planner Financial Planning Ethics CFP 45

Park Place Financial

SEPTEMBER 8, 2022

Certified Financial Planner (CFP) . One of the best financial advisors available, CFPs earn board certification that represents their intensive training, commitment to observing ethical standards, and dedication to putting clients first. Chartered Financial Analyst (CFA) . Request a Meeting with a Potential Advisor .

Financial Advisor 52

Financial Advisor Fiduciary Duty Certified Financial Planner Financial Planner 52

Fortune Financial

SEPTEMBER 25, 2023

Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Inside Information

OCTOBER 30, 2021

Rostad is currently focused on what he sees as our best chance for meaningful reform: getting the Commission to revise the Form CRS disclosure so that it provides a clearer explanation of the different business models of broker-dealers/wirehouses, on the one hand, and fiduciary RIAs registered with the SEC on the other. “We

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CFP Commission Education Investing 40

Sara Grillo

AUGUST 14, 2023

If their sole method of compensation is a product, and/or they are taking commissions, then in reality it is less likely they are embracing all the values that the standard requires. Commissions are opaque. She obtained her CFP designation in 2003. They may still follow it, but they are not bound. Insurance is opaque.

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Fortune Financial

SEPTEMBER 25, 2023

Certified Financial Planner (CFP) CFPs are professionals who have completed rigorous education, passed a comprehensive exam and have substantial experience in financial planning. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

Inside Information

JANUARY 31, 2022

The obvious next priority to put on the regulatory watch list is sales commissions. I was not surprised to see, in the NASAA survey, that 41% of brokerage and independent BD firms (firms, in other words, that pay commissions to their reps) recommended private securities, compared with practically zero for fee-only advisory firms.

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Commission Clients Sales Fee Only 40

Carson Wealth

DECEMBER 13, 2022

CFP ® , Director of Consumer Investment Research . Do you earn commission for selling financial products? Craig Lemoine, Ph.D., Financial service professionals call themselves lots of things — most of the time using the title established by their firm. Why the confusing variety? Is the firm you work for a fiduciary?

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Wealth Management Financial Advisor Management Financial Planner 52