Nerd's Eye View

FEBRUARY 9, 2024

Also in industry news this week: A recent study finds that having a defined marketing strategy is a linchpin of marketing success, as advisors with a defined strategy were more likely to have seen an increase in inbound leads during the past 12 months and have more confidence in meeting their practice goals during the coming year than those without (..)

Financial Planner 205

Financial Planner Fee Only CFP Commission 205

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 96

Financial Advice Planning Fee Only Financial Planning 96

Nerd's Eye View

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Clients 206

Clients Fee Only Planning Advertising 206

Nerd's Eye View

SEPTEMBER 19, 2023

Jessica is the Founder and Principal for Turkey Hill Management, a mergers & acquisitions consulting firm that assists financial advisors with the sale, acquisition, integration, or merger of their firms. My guest on today's podcast is Jessica Polito.

Financial Advisor 156

Financial Advisor Fee Only Sales Wealth Management 156

Nerd's Eye View

NOVEMBER 28, 2022

From advisors who earn commissions from the sales of financial products to fee-only investment advisors who charge based on client assets under management, the value advisors provide to their clients has often been centered on investment management.

Fee Only 198

Fee Only Portfolio Clients Planning 198

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 226

Communication Planning Financial Planning Fee Only 226

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. This fee covers not only investment management, but also financial planning.

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

Inside Information

APRIL 26, 2024

The broker-dealers would tell their reps (and some still do) that if they were to venture outside of the BD’s compliance umbrella and go fee-only, the SEC would come after them with a vengeance. Or that FINRA is going to take over the regulation of all advice-givers, and bring the hammer down on those fee-only ‘rogue brokers.’

Fee Only 40

Fee Only Professional Services Clients Compliance 40

Sara Grillo

OCTOBER 21, 2022

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. He knew before graduating fee-only was the path for him, his conscience, and his personality.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

Truemind Capital

FEBRUARY 8, 2024

. – Hidden costs & agenda : There may be hidden costs in terms of commissions or kickbacks that are not explicitly disclosed while making the sale of any product. Thus, there is a clear conflict of interest as what you hear for “free” is a sales pitch and not genuine advice. Do you still want free advice?

Fee Only 52

Fee Only Commission Investing Investments 52

Your Richest Life

APRIL 30, 2024

Home Sales and Inventory Housing inventory has been sitting at historic lows for the past few years, but we are finally starting to see an uptick in 2024. We are also seeing more homes from the so-called “silver tsunami, ” which represents the wave of baby boomers who will be retiring and putting their homes up for sale.

Fee Only 52

Fee Only CFP Retirement Sales 52

WiserAdvisor

AUGUST 18, 2023

Below are the different types of financial advisors you can choose from based on their fee model: 1. 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.

Financial Advisor 52

Financial Advisor Commission Fee Only Financial Planning 52

Darrow Wealth Management

NOVEMBER 17, 2022

Excluding any improvements they made to the home, realtor fees, etc., The surtax will increase the Massachusetts tax liability by $68,000 on the sale of their home. But if a sale is in process, wrapping it up before 12/31 would be advantageous (all else equal). Consider an installment sale. the taxable gain is $1.7M.

Taxes 95

Taxes Wealth Management Tax Planning Planning 95

Darrow Wealth Management

MAY 3, 2024

Whether the windfall was expected, perhaps from the sale of a business, or unexpected, you’ll want to make a plan for the future. Or perhaps you have a cash windfall is from the sale of your business. As a fee-only financial advisor and fiduciary , we’re always working in the best interest of our clients.

Wealth Management 52

Wealth Management Wealth Advisor Financial Planning Financial Advisor 52

Inside Information

OCTOBER 29, 2023

I said that brokers and sales agents are essentially predators, wolves in sheep’s clothing, where the sheep are fiduciary advisors, and the clothing is, well, you know what it is: ‘fee-based’ and ‘best interest’ (instead of fee-only and fiduciary).

Sales 40

Sales Ethics Fee Only Financial Advice 40

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

Darrow Wealth Management

JUNE 14, 2023

Managing sudden wealth paid in cash after the sale of a business or winning the lottery also requires planning, but perhaps with a bit less to unpack in the beginning. For example, when selling a business , an installment sale can spread the gain over multiple years. There’s a lot to think about.

Management 82

Management Wealth Management Wealth Advisor Taxes 82

Walkner Condon Financial Advisors

FEBRUARY 21, 2023

Candidate for CFP® Certification, is a fee-only, fiduciary financial advisor who works with clients locally in Madison, WI, and around the country. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities.

CFP 59

CFP Financial Advisor Fee Only Certification 59

Inside Information

MAY 30, 2023

In the accompanying articles, you will read how the ‘top’ broker-dealers are not really in the sales business anymore; they are now becoming national advisory firms. In most cases, with a few exceptions, sales are 40% or more of the total revenues, and are more often over 60%.

Communication 40

Communication Sales Compliance Insurance 40

Ron A. Rhodes

DECEMBER 13, 2023

It is possible that all commission-based compensation involving the sale of investment products, life insurance products, and annuities could be eliminated. And it would be right and just to do…

Commission 59

Commission Insurance Sales Investing 59

Walkner Condon Financial Advisors

AUGUST 18, 2022

35,000 sale price – $10,000 cost basis). Your total taxes paid after the sale of all shares: 83(b) election. Alicia Vande Ven is a Candidate for CFP® Certification at Walkner Condon Financial Advisors, a fee-only, fiduciary financial advisor firm based in Madison, WI, that works with clients locally and around the country.

Planning 98

Planning Taxes Certification Financial Advisor 98

Indigo Marketing Agency

APRIL 28, 2023

Author, Speaker, Life Coach & Veterinary Pharmaceutical Sales” This may be my favorite. Examples of Effective LinkedIn Headlines for Advisors: Fee-only Financial Advisor Serving Widows and Divorcees at Haven Financial Solutions, Inc. Unfortunately, this is the most common headline I see for advisors.

Certified Financial Planner 130

Certified Financial Planner Financial Advisor Wealth Management Consulting 130

Your Richest Life

MAY 30, 2022

While it’s not wise to jump into a sale without careful consideration, if you know your must haves in a home in advance, you might spend less time deliberating about putting in an offer. . At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning.

Fee Only 59

Fee Only CFP Budgeting Financial Planning 59

Your Richest Life

SEPTEMBER 12, 2022

If you feel you’ve spent more than you wanted to this year, you might need to plan a little earlier to look for deals or wait for items to go on sale. . At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-only financial planning. How Do Stocks Perform During Downtimes?

Budgeting 59

Budgeting Fee Only Financial Planning CFP 59

XY Planning Network

SEPTEMBER 19, 2022

your sales or business development plan. Whether you plan to grow a large or boutique firm, there are many actions you must take to legally prepare as you “open the doors” of your firm. With all these “to do’s,” one aspect that doesn’t get enough attention when building a successful pre-launch is. Let’s fix that!

Clients 92

Clients Planning Sales Fee Only 92

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

JULY 10, 2023

He asked for help and found a support community Right now Thomas is a fee-only fiduciary financial advisor. He stumbled across a man named Russ Ford who was a fee-only flat fee advisor, and he liked the message. But when he started out, he was working for a broker-dealer firm that charged commissions.

Financial Advisor 72

Financial Advisor Media Communication Fee Only 72

Sara Grillo

OCTOBER 10, 2022

Providing financial plans vs. canned financial plans with a sales agenda. Fee-only vs. fee-based. But… Fee for service (and only fee for service) is a haven where the sales agenda mimicry cannot follow. Fiduciary vs. ‘best interest.’.

Financial Advisor 52

Financial Advisor Financial Advice Financial Planning Fee Only 52

Sara Grillo

JULY 18, 2022

Instead, he got his first job at a fee only RIA firm instead which worked out brilliantly for him! Maybe a quota-driven sales role was the only way for financial advisors to get into the industry in the past- but times have changed and new financial advisors may way more options. So please subscribe! The knowledge gap.

Financial Advisor 52

Financial Advisor Recruitment Insurance Financial Planning 52

Sara Grillo

MAY 9, 2022

Wall Street has engineered this term “direct indexing” to capture the attention of fee only advisors who are obsessed with John Bogle. We cover it in depth in the podcast, but here are the major reasons. #1 1 Direct indexing is not really indexing. Tax loss harvesting can also be very hard to control.

Portfolio 72

Portfolio Clients Financial Advisor Taxes 72

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

Tax loss harvesting requires careful consideration and awareness of certain restrictions (such as the wash sale rule), but if done correctly, it can be a powerful way to defer taxable gains. He is a fee-only, fiduciary financial advisor who works with clients locally in Madison and around the country. ABOUT THE AUTHOR.

Insurance Coverage 98

Insurance Coverage Retirement Planning Financial Advisor Taxes 98

International College of Financial Planning

SEPTEMBER 3, 2021

Go for Fee-Only Financial Advisors. Fee-only financial advisors charge their clients a flat fee for providing advice. A Fee-Only Advisor is a financial advisor who charges you a fee for their advice, as opposed to charging you commissions. Find someone of trust and name.

Financial Planner 52

Financial Planner Financial Advisor Certified Financial Planner Commission 52

Sara Grillo

AUGUST 14, 2023

The standard, however, is often used haphazardly, invoked as a sales tool by dual-registered advisors who want to virtue signal, only to be abandoned in a legal context by those same advisors who backpedal into being “just a salesperson.” Let’s talk about it. It’s about how you behave and the operational standards you follow.

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Walkner Condon Financial Advisors

MARCH 15, 2023

The ability also to carry forward losses to future years may also help offset future capital gains, whether they be in a stock portfolio or in another asset class, such as private equity, real estate, or a sale of a business entity. He is a fee-only, fiduciary financial advisor who works with clients locally in Madison and around the country.

Financial Advisor 52

Financial Advisor Taxes Asset Allocation Portfolio 52

Inside Information

SEPTEMBER 28, 2021

This first petition also touches on dually-registered individuals, recommending that, if they hold themselves out as advisors, they be required to disclose precisely when their work as an advisor ends and their efforts to effect a sale begins—something that is far from clear in current client engagements.

Financial Planner 40

Financial Planner Financial Planning Commission Sales 40

XY Planning Network

JUNE 19, 2023

Marketing can often feel like the blackhole in your never-ending to-do list. We know that well-placed marketing efforts can attract more dream clients and lead to an ease of growth but where do you begin?

Financial Advisor 80

Financial Advisor Marketing Marketing Clients 80

Carson Wealth

AUGUST 28, 2022

Commissions arrangements also vary within industries, with some companies paying higher or more frequent commissions to agents for the sale of a product than others. These financial advisors can offer products that pay a commission, provide fee-based services, or a combination of both. AUM Fee Model vs. Commission Model .

Financial Advisor 52

Financial Advisor Commission Insurance Financial Planning 52