Remove Commission Remove Ethics Remove Insurance
article thumbnail

NAIFA Member Spotlight: Tom Schmidt: A Journey of Resilience, Relationships, and Advocacy in Financial Services

NAIFA Advisor Today

From an unconventional start in the life insurance business to becoming a highly successful financial professional, Tom has navigated a career filled with challenges and triumphs. However, he quickly discovered that the role centered on life insurance, something he hadnt been aware of beforehand.

article thumbnail

2025 Wealth Preservation Strategies

WiserAdvisor

Securities and Exchange Commission (SEC), the thresholds may vary slightly — say a net worth of $1.5 It is important to invest in high-value item insurance to protect them. You can look for insurance companies that offer comprehensive insurance for luxury items to ensure your possessions are financially protected.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Examples of great things ethical financial advisors really like to do!

Envision Wealth Planning

Ethical financial advisors are on the rise and are now doing things within their businesses with the hope to serve as an example of the right behavior for the rest of the industry to follow. Ethics matter in financial advice! Ethics matter. You’ll have to do your own research to determine if these advisors really are ethical.

Ethics 52
article thumbnail

Here are some examples of things Ethical Financial Advisors do

Sara Grillo

So here’s a blog about some things that ethical financial advisors do in the hopes they will serve as an example of right behavior for the rest of the industry to follow. Ethics matter in financial advice! Ethics matter. The following case studies serve as examples of ethical actions taken by financial advisors.

Ethics 52
article thumbnail

How to sniff out a lying grifter in a Form ADV

Sara Grillo

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. If the person is an insurance agent or solely a broker selling commission-based products, they will not have to file a Form ADV.

article thumbnail

What does it mean to be a Fee-Only financial advisor?

Walkner Condon Financial Advisors

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 include mutual funds, insurance policies, annuities, and other financial products. Fee-based advisors are where it can get complicated.

article thumbnail

Average Fees for Financial Advisors in 2023

Harness Wealth

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. A background check is also conducted.