Remove Commission Remove Fee Only Remove Marketing
article thumbnail

Why Advertising “Conflict-Free” Advice Could Violate The SEC’s Marketing Rule

Nerd's Eye View

However, despite the large number of potential conflicts that exist for advisory firms, much of the financial media and the general public tend to focus specifically on the conflicts caused by commission-based fee models.

article thumbnail

How a Fee-Only, Flat-Fee Financial Planner Can Save You $114K+

MainStreet Financial Planning

The two most common pricing models are fee-only financial planners (flat-fee or fixed-fee advisors) and AUM-based financial advisors (who charge a percentage of assets under management). While AUM advisors may seem appealing, they often come with high lifetime fees and potential conflicts of interest.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Find a Fiduciary Financial Advisor

Darrow Wealth Management

Consider this: you walk into a Bank of America branch and ask for the best type of savings account on the market. Only registered investment advisors have a full-time fiduciary duty to their clients. Most fiduciaries don’t sell products: Most fiduciary advisors are only paid by a percentage of assets they manage for clients.

article thumbnail

Why Gen 2 Advisors Are a Flight Risk

Wealth Management

Concept of digital social marketing. According to a recent survey commissioned by Kestra Financial and Bluespring Wealth Partners, less than half (41%) of first-generation advisors have transferred equity to successors, and just 6% of those planning to retire within 10 years have a fully documented succession plan.

article thumbnail

Genuine Advisory vs Product Selling

Truemind Capital

At the time of taking over their portfolios under our advisory, we do a portfolio audit to understand their current portfolio structure and what changes need to be done to align the investments with their risk profile and market conditions. Usually, equity products offer higher commissions than debt which offer higher commissions than Gold.

article thumbnail

Financial Advisor vs Self-Investing: Why Self-Investing May Not Always Be a Good Idea

WiserAdvisor

It can be a learning experience: Self-investing can help you understand how markets work. You will need to research investments, monitor your portfolio regularly, stay updated on market changes, and do your taxes correctly. They adjust your asset allocation based on your needs and market movements. 6. No problem!

article thumbnail

Weekend Reading For Financial Planners (September 14–September 15)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC this week fined 4 RIAs for violations of its marketing rule related to their claims that they offered 'conflict-free' financial advice.