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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.

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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.

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How to Find a Fiduciary Financial Advisor

Darrow Wealth Management

Most fiduciaries don’t sell products: Most fiduciary advisors are only paid by a percentage of assets they manage for clients. This AUM based fee structure is common among fee-only advisors who are almost always full-time fiduciaries. NAPFA advisors are all fee-only financial advisors.

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What’s a Fiduciary & Fee-Only Advisor?

Yardley Wealth Management

The post What’s a Fiduciary & Fee-Only Advisor? What’s a Fiduciary & Fee-Only Advisor? A fiduciary and fee-only advisor is an expert who acts in your best interest and only charges a fee for their services. What is a Fee-Only Advisor? What is a Fiduciary?

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Genuine Advisory vs Product Selling

Truemind Capital

Too many products: If your portfolio has more than 20 products in varied proportions, then there is a high likelihood that your advisor is selling you new and new products that pay higher commissions than the existing ones. Usually, equity products offer higher commissions than debt which offer higher commissions than Gold.

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

WiserAdvisor

It involves a lot more, such as: Defining your financial goals Understanding your risk appetite Figuring out timelines for each goal Picking the right investment and savings options Managing and tracking your investments Rebalancing your investment portfolio periodically Filing taxes and knowing how your investments are taxed Whew!

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How Conflicts of Interest Shape Financial Advice: A Conversation with Mike Garry and Amy Patterson

Yardley Wealth Management

How Conflicts of Interest Shape Financial Advice: A Conversation with Mike Garry and Amy Patterson Conflicts of interest in financial advice can greatly impact the recommendations that clients receive, especially from fee-only advisors. Today, many advisors have moved to a fee-only model.