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Unlocking Accessible Financial Advice The Garrett Planning Network Advantage

MainStreet Financial Planning

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.

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Adviser links: forces you cannot control

Abnormal Returns

(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.

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When Does A Financial Coach Need To Register As An Investment Adviser? The “ABCS” Test To Determine Status

Nerd's Eye View

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.

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Weekend Reading For Financial Planners (September 2-3)

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 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 (..)

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What is the cost of a financial advisor?

WiserAdvisor

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.

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Down with meaningless claims!

Investment Writing

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?

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Average Fees for Financial Advisors in 2023

Harness Wealth

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?