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 206

Fee Only Portfolio Clients Planning 206

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 232

Communication Planning Financial Planning Fee Only 232

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

WiserAdvisor

AUGUST 18, 2023

These experts have the necessary financial knowledge and expertise to help you make informed decisions about your money, investments, and future financial security. Financial advisors charge a fee for their services. Below are the different types of financial advisors you can choose from based on their fee model: 1.

Financial Advisor 52

Financial Advisor Commission Fee Only Financial Planning 52

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 92

Financial Advice Planning Fee Only Financial Planning 92

The Big Picture

SEPTEMBER 5, 2024

billion in fee only asset flows for the full year 2013; 37% of Morgan Stanley wealth management’s total client assets are now in fee based accounts a record high. Josh shares even deeper insights into the investing industry, in “ 8 Lessons from Our First Year.”

Wealth Management 228

Wealth Management Assets Fee Only Media 228

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

It seems very exciting to get some investment advice for free that can help one make quick bucks. The case in point is the so-called “free” advice on crypto investments from financial influencers. Good investment advice should be customized to your specific requirements. Do you still want free advice?

Fee Only 52

Fee Only Commission Investments Investing 52

Sara Grillo

OCTOBER 21, 2022

RIA firm – a Registered Investment Advisor firm registered with either the SEC or state regulators. 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.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

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

Harness Wealth

MAY 25, 2023

Investing in financial guidance is an investment in your future. Here’s a deep dive into the average fees of financial advisors, in 2023. Fee-based : This structure is a blend of fees and commissions. a CFP is skilled in broad financial planning, from taxes, insurance, savings, and investments.

Financial Advisor 52

Financial Advisor Certified Financial Planner Ethics CFP 52

Carson Wealth

AUGUST 28, 2022

CFP® , Director of Consumer Investment Research  . Financial advisors provide financial planning or investment guidance to clients. Investment advisor representatives of a larger investment advisory firm . Investment Advisor Representatives . A portion of the fee is then paid to the financial advisor.

Financial Advisor 52

Financial Advisor Commission Insurance Financial Planning 52

Darrow Wealth Management

OCTOBER 29, 2024

Rebalancing your 401(k) and investment portfolio is an important part of a successful investment strategy. Without periodic rebalancing, your investment mix will change as the market fluctuates, falling out of alignment with your target investment mix. Why do you need to rebalance your portfolio? Why does this matter?

Asset Allocation 52

Asset Allocation Risk Tolerance Accounting Portfolio 52

Tobias Financial

NOVEMBER 29, 2022

As you are researching your wealth management options, you will see a number of names for those who can help you invest, including brokers and advisors. While on the surface they may seem interchangeable, these two types of investment professionals approach the practice very differently and will provide you with vastly different experiences.

Wealth Management 52

Wealth Management Fee Only Clients Commission 52

WiserAdvisor

MAY 31, 2022

According to the Federal Trade Commission (FTC), in 2021, American consumers lost over $5.8 Apart from these, investment frauds are also quite common. According to the FTC report, investment fraud cost $3,000 per victim in 2021. However, the numbers tell a different story. billion because of fraud, which is nearly $3.4

Investments 52

Investments Investing License Accounting 52

WiserAdvisor

AUGUST 3, 2023

A reputable financial advisor should provide a comprehensive range of services, including budgeting, debt management, insurance optimization, tax planning, retirement planning, estate planning, and investment management. However, it is important to be mindful of the rising advisor rates, based on the size of your investments.

Financial Advisor 52

Financial Advisor Retirement Planning Fee Only Retirement 52

International College of Financial Planning

SEPTEMBER 3, 2021

He is the person who can buy or sell your stocks and guide you to invest in the best investment channels. They may charge for their services either on a commission basis or hourly rates. We know that financial advisors can work on a commission or fee basis. How to Compensate Financial Advisors?

Financial Planner 52

Financial Planner Financial Advisor Certified Financial Planner Commission 52

International College of Financial Planning

AUGUST 2, 2021

The simplest definition of the role of a financial advisor would of that of a person who helps individuals, families, and organizations make decisions related to their investments, taxes, insurance planning, retirement planning, estate planning, and money management. Fast-growing investment, tax planning industry. Opportunities.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Fee Only 52

Yardley Wealth Management

AUGUST 24, 2020

The post The Best 401(k) Funds for Millennials and Why You Should Invest in a Mix Now appeared first on Yardley Wealth Management, LLC. The Best 401(k) Funds for Millennials and Why You Should Invest in a Mix Now. FINANCIAL PLANNING, INVESTMENTS. There’s an old saying that time is money. The expense ratios are.09%

Investments 40

Investments Investing Wealth Management Estate Planning 40

eMoney Advisor

MAY 1, 2023

” As the 2023 president of the Financial Planning Association and founder of Lee Investment Management, Lee is a standout advocate for the financial planning profession. Regularly one of the highest-ranked NAPFA-registered fee-only financial advisors, he has set the bar for Zhang Financial characteristically high.

Financial Planning 101

Financial Planning Planning Financial Planner CFP 101

Your Richest Life

JULY 29, 2022

As kids get older, they can be introduced to more complex financial ideas, like investing. How to Turn $100 into $1,000,000 – This is another fun, easy read that will introduce kids to investing, starting a business and managing money. Kids can learn when to save, when to invest and how to track their money.

Budgeting 116

Budgeting Accounting Education Fee Only 116

XY Planning Network

JULY 11, 2022

Investopedia.com defines direct indexing as “an approach to index investing that involves buying the individual stocks that make up the index, in the same weights as the index.” 6 MIN READ. And, technology, too, might be a big driver. New software tools open the door for an advisory practice of any size to offer it.

Commission 62

Commission Accounting Investments Investing 62

Sara Grillo

AUGUST 14, 2023

Researching costs of investments, services, and products rendered to the client Assessing if risk is reasonable for the client Assessing if performance expectations are reasonable for the client But these are all loose definitions. The word “fiduciary” is not a marketing term, not just something you throw out there to virtue signal.

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

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

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. He sees service eventually moving to an advice-only model (purely advice, with services like investment management attached) which requires some adjustment.

Financial Advisor 52

Financial Advisor Financial Advice Financial Planning Fee Only 52

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.’. The second petition asks the SEC to stop pretending that giving financial/investment advice is “solely incidental” to the current wirehouse business model. Of course, this was never finalized.

Financial Planner 40

Financial Planner Financial Planning Commission Sales 40

Sara Grillo

JANUARY 9, 2023

What are the changes in Colorado investment advisor regulations regarding financial planning? Specific examples: Educating financial advisors of all business models (AUM, fee only, commission, etc.) Grillo Investment Management, LLC will strive to maintain current information however it may become out of date.

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

Inside Information

JULY 31, 2022

Yes, there are regulatory requirements to register as an investment advisor. 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

Truemind Capital

AUGUST 9, 2024

“ I started investing because you gave me the confidence. She is a part of senior management at an MNC and earns very well but has never invested other than in FDs and LICs. She wanted to secure her and her daughter’s future and wanted to invest for the same. Her case of “initial inertia” is not isolated.

Commission 64

Commission Fee Only Wealth Management Investment Advisor 64

Inside Information

OCTOBER 30, 2021

Knut has tirelessly pursued the betterment of investment advisory services provided to individual investors by emphasizing the importance of maintaining true fiduciary standards. Knut‘s influence on regulatory rulemaking and guidance over the past two decades has been vitally important to advancing the investment fiduciary cause.

CFP 40

CFP Commission Education Investments 40

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

Sara Grillo

APRIL 11, 2022

These services often include recommendations on investments, financial planning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. After the session, he provides them with a 3-5 page letter containing recommendations which they then implement on their own or hire an investment manager to execute.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Sara Grillo

MAY 8, 2023

So, they invest $95,238 in their general account, which will give them the 100k they need to give back to you in a year (they earn 5% on the $95,238, $95,238*1.05 = $99,999). The invest it in call options to see if they can catch some market upside. So what do they do with the other ($100,000 – $95,238), or $4,762?

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Sara Grillo

NOVEMBER 14, 2022

Financial advisors have many options at their hands to solve it, from financial planning and investment management services to fixed products such as annuities. Yet the investment and insurance communities seem to be on two different sides of the fence when it comes to a solution. Are commissions bad?

Insurance 59

Insurance Retirement Financial Advisor License 59

Inside Information

JANUARY 31, 2022

At the top of my conflict list is sales contests , which basically tell brokers what “investment opportunities” to sell and give them a financial incentive (and, of course, firm-wide recognition to the winners, which is an incentive in itself) to recommend them to their unwary customers.

Commission 40

Commission Clients Sales Fee Only 40

WiserAdvisor

JULY 22, 2022

You get access to financial expertise and knowledge on investments and money management, a deeper understanding of how markets work, and how to create and deploy the right investment strategies to attain your goals. How big your investment budget is also has a say in this decision.

Financial Advisor 105

Financial Advisor Portfolio Budgeting Commission 105

WiserAdvisor

SEPTEMBER 13, 2022

If you need guidance on how to start saving for retirement, which instruments to invest in, how to set up a budget, manage your expenses, and more, consult with a professional financial advisor who can advise you on the same. Starting saving and investing from a young age also lets your money earn interest through compounding.

Retirement Planning 52

Retirement Planning Retirement Planning Budgeting 52