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 212

Financial Planner Fee Only CFP Commission 212

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

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Clients 213

Clients Fee Only Advertising Planning 213

Nerd's Eye View

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Fee Only 205

Fee Only Portfolio Clients Planning 205

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.

Communication 231

Communication Planning Financial Planning Fee Only 231

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 86

Financial Advice Planning Fee Only Financial Planning 86

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 Fee Only Commission Financial Planning 52

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 226

Financial Planner Management Planning Financial Advisor 226

Ron A. Rhodes

JANUARY 6, 2024

The insurance lobby is against the imposition of the fiduciary standard by the DOL, as it will lower the excessive commissions often paid on the sale of Fixed Index Annuities…

Insurance 67

Insurance Commission Sales Fee Only 67

Yardley Wealth Management

JUNE 6, 2023

A good financial advisor can provide investment advice and help navigate the various types of financial advisors, such as registered investment advisors and fee-only advisors. When choosing a financial advisor, consider their costs and whether they earn commissions on products they recommend.

Certified Financial Planner 52

Certified Financial Planner Estate Planning Retirement Planning Financial Advisor 52

Truemind Capital

FEBRUARY 8, 2024

– Hidden costs & agenda : There may be hidden costs in terms of commissions or kickbacks that are not explicitly disclosed while making the sale of any product. On top of it, a fee-only SEBI Registered Investment Advisor would ensure your and his/her interests are aligned. Do you still want free advice?

Fee Only 52

Fee Only Commission Investing Investments 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. Fee-only advisors are bound to the fiduciary standard. He knew before graduating fee-only was the path for him, his conscience, and his personality.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

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. Financial Advisor FAQs 1.

Financial Advisor 52

Financial Advisor Certified Financial Planner Ethics CFP 52

Carson Wealth

AUGUST 28, 2022

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. Financial advisors who only charge fees might categorize themselves as “fee-only.”

Financial Advisor 52

Financial Advisor Commission Insurance Financial Planning 52

Tobias Financial

NOVEMBER 29, 2022

Brokers are paid by a commission on the investment products they sell. Fiduciary advisors are generally fee-only. In this structure, they charge a specific fee for the work they provide, untethered to any products or investment options they recommend. They must always put clients’ interests above their own. .

Wealth Management 52

Wealth Management Fee Only Commission Clients 52

International College of Financial Planning

AUGUST 2, 2021

There are two types of Financial Advisors in India – Fee-Only Advisors and Commission Only Advisors. Fee-only advisors need to be registered with SEBI certified financial advisors (Securities and Exchange Board of India) as an RIA (Registered Investment Advisor).

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Fee Only 52

WiserAdvisor

AUGUST 3, 2023

Generally, financial advisors charge a flat fee based on the services offered and the duration of the engagement, such as $xx for a month/ quarter/ year. They may also charge an hourly rate for every meeting you have or a commission for the financial instruments they recommend. Are financial advisors worth it?

Financial Advisor 52

Financial Advisor Retirement Planning Fee Only Retirement 52

International College of Financial Planning

SEPTEMBER 3, 2021

They may charge for their services either on a commission basis or hourly rates. However, our advice is to trust financial planners who either take a flat annual fee or charge per hour for managing your portfolio instead of charging a commission on every stock they buy or sell. Go for Fee-Only Financial Advisors.

Financial Planner 52

Financial Planner Financial Advisor Certified Financial Planner Commission 52

eMoney Advisor

MAY 1, 2023

Regularly one of the highest-ranked NAPFA-registered fee-only financial advisors, he has set the bar for Zhang Financial characteristically high. ” Recently in the news for her appointment to the CFP Board’s new Competency Standards Commission, Yung is managing director at Midtown Financial.

Financial Planning 101

Financial Planning Planning Financial Planner CFP 101

Sara Grillo

JULY 10, 2023

He asked for help and found a support community Right now Thomas is a fee-only fiduciary financial advisor. But when he started out, he was working for a broker-dealer firm that charged commissions. He stumbled across a man named Russ Ford who was a fee-only flat fee advisor, and he liked the message.

Financial Advisor 72

Financial Advisor Media Communication Fee Only 72

Inside Information

FEBRUARY 27, 2023

The leading tip of the spear was the first fee-only financial planners, who publicly and even defiantly sat on the same side of the table with their clients. The whole idea of turning financial customers into clients was invented in the fee-only financial planning world.

Financial Planner 40

Financial Planner Fee Only Financial Planning Insurance 40

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.

Budgeting 116

Budgeting Accounting Education Fee Only 116

Inside Information

OCTOBER 29, 2023

I said that brokers and sales agents are essentially predators, wolves in sheep’s clothing, where the sheep are fiduciary advisors, and the clothing is, well, you know what it is: ‘fee-based’ and ‘best interest’ (instead of fee-only and fiduciary).

Sales 40

Sales Ethics Fee Only Financial Advice 40

XY Planning Network

JULY 11, 2022

Direct indexing is consuming a lot more ink recently, and one of the primary reasons might be that the elimination of commissions on equities has made it dramatically less expensive to pursue. And, technology, too, might be a big driver. New software tools open the door for an advisory practice of any size to offer it.

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Commission Accounting Investing Investments 58

Sara Grillo

OCTOBER 10, 2022

Fee-only vs. fee-based. But… Fee for service (and only fee for service) is a haven where the sales agenda mimicry cannot follow. Providing financial plans vs. canned financial plans with a sales agenda. Fiduciary vs. ‘best interest.’.

Financial Advisor 52

Financial Advisor Financial Advice Financial Planning Fee Only 52

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. But if they are acting in the capacity of a broker or agent then they are not bound to follow the fiduciary standard.

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Inside Information

MAY 30, 2023

In some of the surveys, you will also see the ‘payout range,’ which basically says how much of the rep or rep office’s compensation (commissions and AUM fees) they get to keep, which gives you a back-door way to estimate how much of their revenues are taken by the BD.

Communication 40

Communication Sales Compliance Insurance 40

Yardley Wealth Management

AUGUST 24, 2020

03% for IXUS and they can be bought commission-free and the spreads on each average only $.01. We are a fiduciary, fee-only financial planning, and wealth management firm in Newtown, Pennsylvania (that’s in Bucks County). We only do Estate Planning work and I am licensed in Pennsylvania and New Jersey.

Investing 40

Investing Investments Wealth Management Estate Planning 40

Inside Information

JULY 31, 2022

A lot of us are still angry at the decision to take down compensation data on advisors who were listed on the organization’s website, rather than confront the fact that thousands of brokers and asset-gatherers had slyly listed themselves as ‘fee-only.’

Financial Planner 45

Financial Planner Financial Planning Ethics CFP 45

Inside Information

SEPTEMBER 28, 2021

Then came Reg BI, in 2019, where the Commission decided that adopting a separate rule restricting these terms was ‘unnecessary.’. 202(a)(11)(c) of the Advisers Act,” the petition says, “the Commission can increase investor protection by (re-)asserting a distinction between product sales and stand-alone investment advice.”.

Financial Planner 40

Financial Planner Financial Planning Commission Fiduciary Duty 40

Sara Grillo

JANUARY 9, 2023

Specific examples: Educating financial advisors of all business models (AUM, fee only, commission, etc.) Executing outreach to college students to encourage them to avoid predatory wirehouse and insurance training programs and pursue fee-only paraplanning jobs instead.

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

Inside Information

JUNE 28, 2023

This is really none of my business, but I can’t help saying that I hate the new policy at the National Association of Personal Financial Advisors regarding trail commissions. We will have to cheapen the hard, strong language that we’re accustomed to using when we recommend working with a fee-only planner.

Commission 40

Commission Fee Only Clients Financial Advisor 40

WiserAdvisor

MAY 31, 2022

According to the Federal Trade Commission (FTC), in 2021, American consumers lost over $5.8 You can check the company’s financial statement on the Securities Exchange Commission (SEC) EDGAR filing platform. Most often, until someone has been a victim of financial fraud, they fail to recognize the growing intensity of these crimes.

Investing 52

Investing Investments License Accounting 52

Sara Grillo

JULY 18, 2022

Instead, he got his first job at a fee only RIA firm instead which worked out brilliantly for him! So stop thinking that a commissioned sales role is the only way you can become a financial advisor! For those of you who are new to my blog/podcast, my name is Sara. How to become a financial advisor.

Financial Advisor 52

Financial Advisor Recruitment Insurance Sales 52

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

CFP 40

CFP Commission Investing Investments 40

Sara Grillo

APRIL 11, 2022

” As an hourly financial advisor he doesn’t make commissions for recommending products such as private REITs, structured products, etc. I was managing their money in. SARA GRILLO, CFA: The attire you hybrid or A and M. That’s how you get paid. RICK FERRI, CFA: The model you use.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Inside Information

JANUARY 31, 2022

The obvious next priority to put on the regulatory watch list is sales commissions. I think it’s self-evident that any product that has to pay people to recommend it is probably not competitive on its own merits.

Commission 40

Commission Clients Sales Fee Only 40