Nerd's Eye View

DECEMBER 6, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that President-elect Trump plans to nominate former Securities and Exchange Commission (SEC) Commissioner Paul Atkins as the next SEC chair, replacing Gary Gensler.

Financial Planner

Wealth Management

AUGUST 7, 2025

Before the adoption of the so-called Merrill Lynch rule, effectively in 1999 but officially since 2005, providing advice was considered incidental to providing brokerage services. At the same time, advice-only is still an attractive business model.

Wealth Management

Abnormal Returns

DECEMBER 25, 2023

(riabiz.com) DPL Financial Partners is seeing growth in commission-free annuity sales. wealthmanagement.com) Advisers Six lessons learned from 20 years in the business of financial advice. investmentnews.com) Startup Arch wants to build a better private capital markets workflow.

Financial Advising

MainStreet Financial Planning

FEBRUARY 1, 2024

Importantly, we do not accept sales commissions or any compensation beyond what is directly agreed upon with our clients. No Minimums, Maximum Accessibility: Unlike traditional financial advisors, being a Garrett Advisor means that we have no income or investment account minimums for hourly engagements.

Financial Advice

Nerd's Eye View

SEPTEMBER 1, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Massachusetts Supreme Judicial Court ruled that the state's fiduciary rule for broker-dealers can stand, potentially opening the door for other states to impose similar standards that exceed the requirements of the Securities (..)

Financial Planner

Nerd's Eye View

MAY 22, 2024

With these factors in mind, the Federal Trade Commission (FTC) in April of 2024 announced a final rule banning most non-competes nationwide that is expected to take effect (pending legal challenges) on September 4, 2024.

Financial Advice

Nerd's Eye View

MARCH 24, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the CFP Board of Standards launched its 1st ad campaign, dubbed "It’s Gotta Be A CFP", following its transition to a 501(c)(6) organization. Read More.

Financial Planner

Nerd's Eye View

SEPTEMBER 13, 2024

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.

Financial Planner

Nerd's Eye View

DECEMBER 6, 2023

Over the past several years, the financial services industry has undergone a tremendous evolution in how financial advisers deliver and charge for their services. While commission-based models remain in use, fee-for-service models (including AUM, hourly, retainer, and subscription) have become increasingly popular.

Investments

The Big Picture

MAY 9, 2024

No audited returns, mathematically improbable claims, and zero accountability But none of these “influencers” sell securities to clients, so they do not fall under the regulatory oversight of the Securities and Exchange Commission (SEC).2 2 Sure, you can claim mainstream media is bad, but social media is worse.

Media

Nerd's Eye View

JULY 5, 2024

Supreme Court decision shifting authority to interpret laws passed by Congress from Federal agencies to the judicial system could have significant impacts on regulation of the financial advice industry, including the potential for additional legal challenges to regulations from the Securities and Exchange Commission (SEC), the Department of Labor (DoL), (..)

Financial Planner

Nerd's Eye View

JUNE 12, 2024

Financial advisors, as professionals whose clients rely on their advice to make financial decisions, are legally and financially responsible for the advice that they give. Because ultimately, it's better to be surrounded by others who take care in advising their clients than to be the only one doing so!

Fiduciary Duty

Yardley Wealth Management

OCTOBER 22, 2024

The post How Conflicts of Interest Shape Financial Advice: A Conversation with Mike Garry and Amy Patterson appeared first on Yardley Wealth Management, LLC. The Shift Towards Fee-Only Advisors The rise of fee-only advisors has changed how financial advice is delivered. Today, many advisors have moved to a fee-only model.

Financial Advice

Nerd's Eye View

AUGUST 26, 2024

For most of its history, the financial advice industry has been very slow to change.

Communication

Good Financial Cents

JULY 21, 2022

Fees $0 for stocks or ETFs; no commissions or contract fees on options. $1/mo. 0 for stocks, options, and ETFs; over 4,000 commission-free mutual funds. $0 0 for stocks, options, and ETFs; more than 3,000 commission-free mutual funds. . $0 0 for stocks, options, and ETFs; more than 3,000 commission-free mutual funds.

Accounting

Sara Grillo

OCTOBER 31, 2022

Any financial advisor who is registered as an advisor with a regulator has to fill out this form for initial approval by either a state or a Federal (the United States Securities and Exchange Commission) regulator. What if you can’t find the financial advisor’s Form ADV? Securities and Exchange Commission.

Financial Advisor

eMoney Advisor

DECEMBER 15, 2022

In an era of uncertainty, the value Americans place on professional advice from a financial planner has increased. adults said their most trusted source of financial advice was a financial advisor. 1 Market volatility was found to be a major factor in spurring people to seek advice. Sources: 1.

Financial Planner

WiserAdvisor

AUGUST 18, 2023

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. Choosing a fee-only financial advisor offers several benefits.

Financial Advisor

WiserAdvisor

JULY 22, 2022

The advisors can be differentiated based on the fee structure they use to charge fees such as fee-only, commission-only, hourly-fee, monthly fee, etc. Lastly, if you cannot stretch your budget to hire multiple financial advisors, it may be better to hire only a single financial advisor.

Financial Advisor

Investment Writing

JUNE 21, 2022

In the world of financial advice, this means statements such as “We provide superior customer service.”. Disclosure: If you click on an Amazon link in this post and then buy something, I will receive a small commission. Turn meaningless claims into meaningful claims. What’s the solution for this kind of writing?

Commission

WiserAdvisor

JUNE 12, 2022

Hiring an advisor earlier on in your financial planning journey can benefit you in several ways. The professional financial advice they provide you along the way can help you reach your personal and financial goals faster. Here are a few tips you can keep in mind to help lower your financial advisor fees: 1.

Financial Advisor

Envision Wealth Planning

MARCH 17, 2022

are paid through a commission. The individual or company is registered with either the Securities and Exchange Commission (SEC) or a state securities regulator. To find out if you are working with an actual investment adviser representative, go to the Securities Exchange Commission’s Investment Adviser Public Disclosure database.

Certified Financial Planner

Gen Y Planning

AUGUST 1, 2023

Insurance brokers sometimes push whole life insurance policies heavily because of their large commissions and kickbacks. Moving from a saver to an investor provides you the flexibility and opportunity to reach significant financial milestones and exponentially grow your retirement savings.

Insurance

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. How Much Should I Expect to Pay for Financial Advice?

Financial Advisor

Sara Grillo

OCTOBER 10, 2022

According to Veres, the revenue model and the value proposition are the most confusing things for the public when it comes to financial advice. The future of financial advice. Veres believes that the value proposition for a financial advisor has to be something other than, “I can manage your money.”

Financial Advisor

Sara Grillo

JANUARY 3, 2025

He started as the Gracious Out Mark found that only two out of 10 calls he received actually fit the model of the traditional financial advisor firm he used to work for. For the sake of conversation, lets assume that by traditional we mean assets under management or commission style firms. and now I am getting paid for half of my time?

Financial Planning

BlueMind

JULY 15, 2022

The Significance Of Financial Compliance Financial compliance requires all actions, procedures, guidelines, and business culture to abide by the rules and regulations set by the regulatory authorities of the financial market. However, what if the client fails to provide the full picture?

Compliance

Sara Grillo

DECEMBER 12, 2022

Watch as all h&#@ breaks loose discussing the question of broker vs. financial advisor, commissions, fees, value, and more! The advisors made the point that the cost of insurance can’t be separated from the “cost of service” or the commission the agent makes. The commission is the commission. Doug Twiddy.

Financial Advisor

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. How to Compensate Financial Advisors?

Financial Planner

Sara Grillo

AUGUST 14, 2023

I have a newsletter in which I talk about financial advisor lead generation topics which is best described as “fun and irreverent.” I am an irreverent and fun marketing consultant for financial advisors. Why is the fiduciary standard important in financial advice? Commissions are opaque. Insurance is opaque.

Financial Advisor

Sara Grillo

OCTOBER 21, 2022

An RIA firm’s financial advisors must follow the fiduciary standard which is believed to be the highest standard of care in the industry. 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. What is a financial paraplanner?

Insurance

Sara Grillo

NOVEMBER 8, 2022

Before we get into it, I’m assuming you’re visiting this page because you are a flat fee financial advisor. Because transparency in financial advice is awesome! You should ask compliance for them. I have a gazillion free resources that can help you! Please read/watch these: Flat fee advisor YouTube playlist.

Compliance

WiserAdvisor

MARCH 13, 2025

That is not to say that firm-based advisors do not offer valuable financial advice. However, their recommendations may be shaped by the firms policies, financial incentives, or limited investment options. So, their recommendations could be influenced by commissions. To conclude Are independent financial advisors worth it?

Financial Planning

International College of Financial Planning

AUGUST 2, 2021

There are two types of Financial Advisors in India – Fee-Only Advisors and Commission Only Advisors. Commission Only Advisors need to gain certification and take the Insurance IRDA Examinations IRDAI IC 38. CFPs are still a rare find in India and even rarer in the role of financial advisors.

Financial Advisor

Harness Wealth

JUNE 1, 2023

International Longevity Centre-UK (ILC-UK): The Value of Financial Advice The International Longevity Centre-UK conducted a study aimed at understanding the long-term effect of financial advice on wealth accumulation.

Wealth Management

WiserAdvisor

AUGUST 3, 2023

They may also charge an hourly rate for every meeting you have or a commission for the financial instruments they recommend. Hourly rate: Some fee-only financial advisors charge their clients based on an hourly rate for the time they spend providing financial advice and services. Are financial advisors worth it?

Financial Advisor

WiserAdvisor

JUNE 2, 2023

While there are various types of finance professionals who offer financial advice and services falling under the general financial advisor category, it should be noted that they differ significantly. Securities and Exchange Commission (SEC) if they manage $100 million or more in assets.

Financial Advisor