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.
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. .
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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). Meeting client expectations regularly.
Inside Information
JULY 31, 2022
Doctors, lawyers and accountants have all achieved government recognition of their professional status. 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. ”.
WiserAdvisor
MAY 31, 2022
According to the Federal Trade Commission (FTC), in 2021, American consumers lost over $5.8 These people could pretend to be a relative, bank officials, government employees, technical support staff, etc. You can check the company’s financial statement on the Securities Exchange Commission (SEC) EDGAR filing platform.
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. Mentoring younger advisors.
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.
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