Nerd's Eye View

MAY 15, 2024

commissions), and who holds themselves out as a trusted adviser by either stating they are acting as a fiduciary or otherwise indicates that they are making individualized recommendations based on the investor's best interest.

Retirement 246

Retirement Commission Financial Advising Banking 246

Nerd's Eye View

MAY 22, 2024

With these factors in mind, the Federal Trade Commission (FTC) in April of 2024 announced a final rule banning most non-competes nationwide that is expected to take effect (pending legal challenges) on September 4, 2024.

Financial Advice 226

Financial Advice Commission Clients Financial Advisor 226

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. But once a financial coach addresses specific questions from clients around actual securities (e.g., Read More.

Investing 246

Investing Investments Financial Advising Retirement Planning 246

Walkner Condon Financial Advisors

APRIL 17, 2023

They are compensated only by the fee the client pays. In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. At Walkner Condon, all of our advisors are fiduciaries for our clients.

Fee Only 52

Fee Only Financial Advisor Certified Financial Planner Commission 52

Walkner Condon Financial Advisors

APRIL 21, 2023

They are compensated only by the fee the client pays. In contrast, a commission-based financial advisor receives commissions or other forms of compensation from financial product providers for recommending and selling their products. At Walkner Condon, all of our advisors are fiduciaries for our clients.

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

MarketWatch

MARCH 27, 2023

Binance, the world’s largest crypto exchange, was sued by the Commodity Futures Trading Commission Monday for alleged violations of the federal laws governing commodities markets. clients in evading compliance controls and instructing customers to obscure their location using virtual private networks, or VPNs.

Compliance 52

Compliance Commission Government Clients 52

Nerd's Eye View

FEBRUARY 22, 2023

Additionally, the ‘correct’ answer for some sections on Form ADV may depend to some degree on personal interpretation of questions that have not changed with evolving business practices. Read More.

Commission 188

Commission Clients Investing Investments 188

Inside Information

APRIL 1, 2024

Broker-dealers live off of the activities of their affiliated reps; they facilitate the transactions and asset management for a percentage of the commissions and fees that advisors/reps receive from their clients. The BD doesn’t control prices charged to clients except to the extent that it facilitates commissions.

Compliance 40

Compliance Commission Sales Financial Services 40

Sara Grillo

OCTOBER 31, 2022

Any financial advisor who is registered as an advisor with a regulator has to fill out this form for initial approval by either a state or a Federal (the United States Securities and Exchange Commission) regulator. The Form ADV Part I provides basic business detail about things such as ownership, clients, employees, etc.

Financial Advisor 110

Financial Advisor Commission Clients Compliance 110

Sara Grillo

DECEMBER 12, 2022

Watch as all h&#@ breaks loose discussing the question of broker vs. financial advisor, commissions, fees, value, and more! We talked about: What is the best, fairest fee model for the client? Does the way you are paid dictate how you serve clients? Does it matter that clients know the fees they are paying?

Financial Advisor 52

Financial Advisor Commission Clients Insurance 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. A financial paraplanner is a junior wealth management professional who supports the research, operations, and client service activities of a financial planner.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

Sara Grillo

JULY 8, 2022

No joke, there are alot of morons in the business who are salespeople in disguise and just sit around golfing all day while earning trailing commissions off their clients to whom they sold whole life insurance 20 years ago. I have any emails from clients routed to a specific folder so that I can address those first. hours of it.

Financial Advisor 59

Financial Advisor Financial Planner Clients Compliance 59

Fortune Financial

SEPTEMBER 25, 2023

Regulatory Compliance Ensure the wealth management firm is registered and compliant with relevant regulatory authorities. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies. Retirement Planning Retirement planning is a primary focus for many clients.

Wealth Management 59

Wealth Management Management Risk Tolerance Retirement Planning 59

Inside Information

MAY 30, 2023

I completely get why they would tell this to credulous writers; the public has increasingly shifted away from any taint of ‘sales’ in an advisor relationship, and the concept of hiring an advisor who puts their clients’ interests first (even if most people don’t understand the term ‘fiduciary’) is an attractant.

Communication 40

Communication Sales Compliance Insurance 40

Fortune Financial

SEPTEMBER 25, 2023

Regulatory Compliance Ensure the wealth management firm is registered and compliant with relevant regulatory authorities. In the United States, this often means being registered with the Securities and Exchange Commission (SEC) or state-level agencies. Retirement Planning Retirement planning is a primary focus for many clients.

Wealth Management 52

Wealth Management Management Risk Tolerance Retirement Planning 52

Harness Wealth

SEPTEMBER 18, 2023

All of this, combined with limited work-life balance from demanding billable hour requirements, and a lack of ownership over your client base, could lead many in this position to wonder if perhaps charting their own path could lead to more satisfying career advancement. Price your services too low, and you may attract low-quality clients.

Taxes 59

Taxes Accounting Clients Management 59

Brown Advisory

JANUARY 17, 2024

We are in the rejection business and the statistics are stark as to how we should be very careful whenever investing our clients’ hard-earned dollars. Statistically, these are known as Type 1 errors of commission (or inclusion) having fallen for a false positive signal. You have to survive in order to thrive.

Investing 52

Investing Investments Portfolio Compliance 52

Sara Grillo

JANUARY 9, 2023

Here’s the triumph of virtue that financial planning transparency will (FINALLY) bring to planners across the country and the benefits to clients that come along with it. Client advocacy. Specific examples: Educating financial advisors of all business models (AUM, fee only, commission, etc.) Let’s get into it, folks!

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

Sara Grillo

APRIL 21, 2022

In one case, Investopedia named an advisor to one of the “top lists” who was banned for her non-disclosure of commissions earned in a Ponzi scheme. According to Scott, I try to minimize conflicts as much as possible starting with the way I charge fees to clients. I’ve had a few clients receive large windfalls from an IPO.

Ethics 52

Ethics Financial Advisor Clients Management 52

Sara Grillo

APRIL 11, 2022

We’re going to talk about how he provides high value as an hourly financial advisor by saving investors from the “Humpty Dumpty portfolio” and the lessons other advisors can learn about serving clients with simplicity, transparency, and integrity, whether they choose to adopt the hourly fee model or not.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Brown Advisory

AUGUST 14, 2023

Download it here > The Hidden Trouble Within Dear Fellow Investors, We have fielded a number of questions over the past six months from clients and prospects about how we think about and control factor risks within the Global Leaders strategy. ESG analysis may not be performed for every holding in the strategy.

Investing 52

Investing Investments Portfolio Accounting 52

Harness Wealth

MARCH 17, 2023

However, it is essential to understand the tax implications of DeFi transactions and ensure compliance with the latest tax code changes, particularly as the industry continues to rapidly evolve. Harness Wealth Advisers LLC solely acts as a paid promoter for unaffiliated registered investment advisers.

Taxes 59

Taxes Government Assets Accounting 59

Sara Grillo

MAY 8, 2023

Listen to this if you are a financial advisors or consumer who wants to see through the crap and make better decisions about whether IUL is good for you (or your client) or NOT. We have seen scenarios where clients go into it expecting to earn 6-8% and the policy earns 3-4%. For those of you who are new to my blog, my name is Sara.

Insurance 59

Insurance Clients Financial Advisor Accounting 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.

CFP 40

CFP Commission Investing Investments 40

Brown Advisory

JANUARY 1, 2023

We define risk as the permanent destruction of our clients’ capital which for us primarily comes from either competitive disruption or overpaying for a great business. We believe Schwab delivers a terrific outcome to its customers by opening up the world of investments to clients in a relatively inexpensive, easy way.

Investing 52

Investing Investments Valuation Clients 52

Harness Wealth

APRIL 28, 2023

Making accurate and timely estimated tax payments helps you manage your taxable income, avoid penalties, and ensure you’re in compliance with the IRS. To provide a practical example, let’s say you’re a freelance product designer and you have several clients.

Taxes 52

Taxes Distribution Startup Assets 52

Sara Grillo

NOVEMBER 8, 2022

You should get this run by compliance before publishing any of this text. You should ask compliance for them. My practice’s core values are: Transparency, Clarity, Client advocacy, Logic, and Fairness. I am a: (make buttons for each of your client categories that they can click). Please note: This is just a model.

Compliance 52

Compliance Wealth Management Financial Advice Ethics 52

Indigo Marketing Agency

MARCH 19, 2024

Using the right strategy, you’ll be able to attract new business, interact with current clients, and convert leads into customers. Having a growing email list is critical to always reaching a wide audience full of potential clients. Client enrollment phase: During the onboarding process, incorporate opt-in alternatives.

Financial Advisor 80

Financial Advisor Marketing Marketing Compliance 80

Nerd's Eye View

DECEMBER 7, 2022

For investment advisers looking to attract prospective clients, advertising the performance of their investment strategies would be a logical way to market their services (at least if they had strong historical returns!).

Advertising 236

Advertising Investing Investments Marketing 236

SEI

AUGUST 17, 2022

SEI Regulatory Services helps investment managers and institutions meet reporting and compliance requirements for pooled vehicles, alternative vehicles, separate accounts, sovereign wealth funds, family offices, and more—benefiting from a unique data warehouse approach, team of industry experts, and a single comprehensive platform.

Compliance 52

Compliance Financial Services Commission Assets 52

Sara Grillo

JUNE 2, 2022

Different advisors are great for different clients. Investment performance isn’t an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment-picking abilities. Client satisfaction survey?

Financial Advisor 69

Financial Advisor Clients Ethics Numbers 69

The Big Picture

JANUARY 24, 2023

They have $37 billion in clients and their own funds, of which they have invested across a variety of disciplines from credit to strategic capital, as well as taking companies private and helping them grow into something more substantial than they’ve been in the past. They’re advising clients. RITHOLTZ: Oh, really?

Investing 259

Investing Investments Numbers Banking 259

Sara Grillo

JUNE 12, 2023

It’s impossible to figure out from the illustration – it can only be determined based upon this supplemental report that is usually not asked for by the fiduciary financial advisor or the client. These meetups are free and the goal is to learn from each other about how to grow and manage a transparent practice for the benefit of clients.

Insurance 59

Insurance Clients Financial Advisor Math 59

Tucker Advisors

AUGUST 9, 2021

The word “fiduciary” refers to any advisors who must legally prioritize their clients’ interests above of their own. And you could potentially write less business, because clients will perceive that you’re not a holistic advisor, that you don’t perform the complete duties of an advisor in an all-encompassing way for your clients.

Financial Advisor 52

Financial Advisor License Clients Insurance 52

International College of Financial Planning

OCTOBER 5, 2021

This isn’t an ordinary job but one that would test your analytical ability every single day.Though you’d be aided by tons of data and dozens of tools, you will need to use your knowledge in finance and apply that in unique ways to get desired results for your clients. A Person Who Is Always Curious. An Analytical Mind.

Financial Advisor 52

Financial Advisor Communication Clients Retirement Planning 52

Sara Grillo

JUNE 20, 2022

It was a major advantage that they paid a base salary; albeit not a huge one it was still supportive of him feeling a bit more comfortable that working on straight commission. This often creates perverse outcomes that are not in the client’s interests, because the advisor may apply pressure sales tactics. . #2 Absolutely.

Financial Advisor 52

Financial Advisor Sales Commission Clients 52

Sara Grillo

SEPTEMBER 12, 2022

” It brings to light the fundamental question of the role that institutions play in client outcomes, whether those institutions are truly putting the interests of the retail investor over those of their members, and the delicate balance between governance standards and the oppression of individual autonomy.

CFP 80

CFP Financial Planner Ethics Financial Planning 80