Nerd's Eye View

NOVEMBER 1, 2022

Mindy is the owner of Creative Money, an independent RIA based in Seattle, Washington, that offers a unique 12-month financial planning engagement – or as Mindy puts it on her homepage, “financial planning that doesn’t suck” – which has allowed her firm to work with nearly 400 client households just this year.

Fee Only 130

Fee Only Clients Financial Planning Financial Advisor 130

XY Planning Network

JULY 25, 2022

With regulatory changes driving advisors to rein in their fees along with clients yearning for more holistic fiduciary advice, it’s becoming increasingly imperative that entrepreneurial-minded advisors are focused on building firms that ensure their interests align with their clients’. But what really makes a firm “advice only?”

Fee Only 71

Fee Only Financial Advice Clients Financial Planning 71

Nerd's Eye View

JUNE 30, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization (..)

Financial Planner 219

Financial Planner Fee Only Commission Retirement Planning 219

Nerd's Eye View

JANUARY 12, 2023

As comprehensive financial planning has become more widely adopted, many financial advisors have felt pressure to find new ways to differentiate themselves by demonstrating their unique value to clients. Others use frequent emails to stay in regular contact, sending reminders or helpful information relevant to their clients.

Clients 174

Clients Communication Financial Advisor Fee Only 174

Nerd's Eye View

APRIL 5, 2024

Further, data from FINRA also indicate that claims related to bond investments remain elevated, perhaps spurred by losses in the fixed income portions of customer portfolios amidst the rising rate environment, potentially serving as a warning to RIAs as well that their clients (and regulators) could take a closer look at advisor's recommendations related (..)

Financial Planner 237

Financial Planner Fee Only Clients Investing 237

Nerd's Eye View

DECEMBER 22, 2023

Also in industry news this week: The SEC has been sending letters to advisory firms requesting details on their use of AI technology, raising questions about whether they may be considering revising their proposed AI rule that received significant pushback earlier this year for the wide breadth of the types of technology it covers DPL Financial has (..)

Financial Planner 218

Financial Planner Fee Only Tax Planning Retirement 218

XY Planning Network

JULY 18, 2022

Although seemingly obvious, it’s worth saying—a firm isn’t a firm without clients. The truth is, as a firm owner, your success depends just as much on your ability to effectively communicate your value proposition with your ideal client as it does on you delivering that value.

Fee Only 69

Fee Only Marketing Marketing Communication 69

Nerd's Eye View

DECEMBER 12, 2023

Christa is the Managing Director of Financial Planning and Business Development at Sebold Capital, a fee-only RIA based in Chicago, Illinois, which manages $300M across more than 100 client households. My guest on today's podcast is Christa Madison.

Financial Advisor 237

Financial Advisor Fee Only Financial Guidance Insurance 237

The Chicago Financial Planner

FEBRUARY 2, 2024

Fee-only advisors receive no compensation from the sale of investment or insurance products. One of the tactics used by Bernard Madoff to perpetrate his fraud was to send clients his own statements instead of statements generated by a third-party custodian like Charles Schwab, Fidelity, TD Ameritrade, and others.

Financial Advisor 249

Financial Advisor Financial Planner Fee Only Clients 249

Nerd's Eye View

AUGUST 15, 2022

By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. For instance, AGB connects with pro bono clients so advisors do not need to spend time advertising their services.

Clients 163

Clients Financial Advice Financial Planning Fee Only 163

Nerd's Eye View

FEBRUARY 16, 2024

Which suggests that while advisors might be hesitant to publish their fees on their website before being able to meet face-to-face with prospects, doing so (and linking the fees to the value proposition they offer their ideal clients) could help certain consumers overcome their reluctance and start the process to becoming clients!

Financial Planner 212

Financial Planner Fee Only Compliance CFP 212

Nerd's Eye View

AUGUST 15, 2022

By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. For instance, AGB connects with pro bono clients so advisors do not need to spend time advertising their services.

Clients 148

Clients Financial Advice Financial Planning Fee Only 148

Nerd's Eye View

FEBRUARY 9, 2024

Also in industry news this week: A recent study finds that having a defined marketing strategy is a linchpin of marketing success, as advisors with a defined strategy were more likely to have seen an increase in inbound leads during the past 12 months and have more confidence in meeting their practice goals during the coming year than those without (..)

Financial Planner 209

Financial Planner Fee Only CFP Commission 209

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. But, with the rise of index funds and the commoditization of investment advice, generating sufficient investment ‘alpha’ to justify a fee has become more challenging for advisors.

Fee Only 202

Fee Only Portfolio Clients Planning 202

XY Planning Network

NOVEMBER 6, 2023

The survey focuses on revenue and expenses, client services, sources of clients/business, and pricing. Each piece of information is tracked year-over-year to show trends and provide fee-only financial planning firm owners with key metrics which they can measure their own businesses against.

Fee Only 93

Fee Only Financial Planning Planning Clients 93

Advisor Perspectives

JANUARY 17, 2023

As a financial coach whose mission is to talk fee-only advisors “off the fence” of procrastination, I frequently answer two questions.

Fee Only 98

Fee Only Clients 98

Nerd's Eye View

OCTOBER 16, 2023

Given that larger firms tend to have more substantial marketing budgets to attract clients, smaller firms and their advisors have had to look for alternative ways to differentiate themselves from the competition.

Financial Planning 212

Financial Planning Marketing Marketing Financial Advice 212

Nerd's Eye View

MARCH 20, 2023

In part, this is due to the many commission-based advisors whose compensation depends on the sale of insurance or investment products, where the price that a client pays is baked into the price of the product or is included in (often opaque) fees associated with buying, selling, and/or holding the investment. Read More.

Communication 229

Communication Planning Financial Planning Fee Only 229

MainStreet Financial Planning

FEBRUARY 1, 2024

During recent conversations, I’ve come across several people unfamiliar with the concept of fee-only financial planning, let alone considering it as a feasible choice. Importantly, we do not accept sales commissions or any compensation beyond what is directly agreed upon with our clients.

Financial Advice 87

Financial Advice Planning Fee Only Financial Planning 87

Nerd's Eye View

OCTOBER 24, 2023

Sarah-Catherine is the founder of Aptus Financial, a fee-only financial planning firm based in Little Rock, Arkansas, that is approaching $2M in revenue and works with over 480 client households. My guest on today's podcast is Sarah-Catherine Gutierrez.

Financial Advisor 184

Financial Advisor Financial Planning Planning Fee Only 184

Advisor Perspectives

JUNE 21, 2023

After 20 years and serving over 1,800 clients as an hourly, fee-only financial planner, I’ve concluded that hourly advisors should not give free advice to prospects.

Financial Planner 97

Financial Planner Fee Only Clients 97

Nerd's Eye View

JANUARY 20, 2023

While it remains to be seen whether the measures will actually be enacted, proposed measures include raising income and capital gains tax rates, instituting wealth taxes, and reducing the state estate tax exemption, potentially creating future planning opportunities for advisors with clients in those states. Read More.

Financial Planner 185

Financial Planner Financial Advice Fee Only Financial Planning 185

Tobias Financial

MAY 3, 2024

Franklin has consistently displayed innovative approaches and an unwavering commitment to advancing fee-only financial planning, setting a remarkable standard for his peers. He embodies the essence of a true fiduciary, consistently prioritizing the best interests of our clients above all else.

Ethics 52

Ethics Fee Only Wealth Advisor CFP 52

Nerd's Eye View

FEBRUARY 6, 2024

David is the Co-Founder and CEO of Element Pointe Family Office, a Fee-Only RIA based in Miami, Florida that oversees almost $1.6 billion in assets under advisement for 50 client households.

Financial Advisor 130

Financial Advisor Clients Fee Only Planning 130

Wealth Management

AUGUST 23, 2022

based team sought to be fee-only and escape the contraints Wells Fargo placed on investment options and services he was able to offer his clients. Tom Moran and his Naples, Fla.-based

Fee Only 98

Fee Only Clients Investing Investments 98

Sara Grillo

MAY 9, 2022

Here are the reasons it will ruin your clients’ portfolios and you should run away as fast as you can. Wall Street has engineered this term “direct indexing” to capture the attention of fee only advisors who are obsessed with John Bogle. Direct indexing sucks – don’t do it. 1 Direct indexing is not really indexing.

Portfolio 72

Portfolio Clients Financial Advisor Taxes 72

Walkner Condon Financial Advisors

APRIL 21, 2023

What does it mean to be a Fee-Only financial advisor ? Fee-Only financial advisors and firms receive no sales-related compensation or incentives. They are compensated only by the fee the client pays. Fee-based advisors are where it can get complicated. What does it mean to be a fiduciary?

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

Nerd's Eye View

JULY 26, 2022

Amy is the owner of Rooted Planning Group, an independent RIA based in Corning, New York that oversees $67 million in assets under management for 175 client households.

Financial Planner 223

Financial Planner Management Planning Financial Advisor 223

Nerd's Eye View

SEPTEMBER 19, 2023

In this episode, we talk in-depth about how Jessica leveraged her investment banking experience in wealth management mergers and acquisitions to build her own business where she could provide more independent M&A advice, why and how Jessica developed her flat-fee advice model for mergers and acquisitions to, similar to the evolution of fee-only (..)

Financial Advisor 158

Financial Advisor Fee Only Sales Wealth Management 158

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. Fee-only advisors are bound to the fiduciary standard. He never had more than five paraplanning clients at a time. What is a financial paraplanner?

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

XY Planning Network

SEPTEMBER 19, 2022

You’re on your way to serving the clients you want, in the way you want, while building a business with enough revenue to live the lifestyle you want. 9 MIN READ. You've made the decision to launch your firm —c ongratulations! That takes courage and commitment.

Clients 92

Clients Planning Sales Fee Only 92

XY Planning Network

OCTOBER 17, 2022

Global capital markets are performing poorly, and many clients of ours are anxiously looking for expert guidance. Once again, advisors are facing an opportunity now to prove their value, build stronger relationships, and—most importantly—make sure clients are faring well despite the current economic situation. 7 MIN READ.

Clients 79

Clients Marketing Marketing Economics 79

Inside Information

APRIL 26, 2024

(In fact, it would just give consumers a clearer choice: they could freely choose between somebody who has chosen to be paid to recommend certain products vs. a professional who has given up those conflicts and works purely in the best interests of the client.) We hear about ‘professionally-managed’ firms.

Fee Only 40

Fee Only Professional Services Clients Compliance 40

Your Richest Life

JULY 15, 2022

But within these challenges are some opportunities, and I have been navigating these situations with my clients along the way. The Your Richest Life team grew this year, welcoming Erin McIntosh as a client services associate in the spring. Link to new posts). Listed as a D Magazine Best Financial Planner for the seventh year in a row.

Financial Planner 105

Financial Planner Fee Only CFP Clients 105

WiserAdvisor

AUGUST 18, 2023

Below are the different types of financial advisors you can choose from based on their fee model: 1. Fee-only financial advisors Average cost: $200 to $400 an hour/ $1,000 to $3,000 per plan/ 1.18% to 0.59% of AUM Fee-only financial advisors are professionals who do not receive commissions from selling financial products.

Financial Advisor 52

Financial Advisor Commission Fee Only Financial Planning 52

Steve Sanduski

FEBRUARY 13, 2024

Guest: Benjamin Brandt , a CERTIFIED FINANCIAL PLANNER and Founder/President of Capital City Wealth Management, a Bismarck, ND fee-only financial planning company. In a Nutshell: Many advisors think about tech and marketing in terms of “more”: more reach, more productivity, more clients, more AUM.

Certified Financial Planner 52

Certified Financial Planner Financial Planner Fee Only Clients 52

Your Richest Life

AUGUST 4, 2023

I hoped to help my clients reach their financial goals in a way that wasn’t stressful or intimidating, and to show them that their dreams were possible. I’ve learned so much over the past nine years, but I couldn’t have gotten here without the clients who trusted me along the way.

Financial Planner 98

Financial Planner Financial Counseling Fee Only Clients 98