A 6-step guide to choosing the right financial professional for you
Getting help on your financial decisions isn’t a bad thing. But with so many professionals and options out there, how do you go about choosing the right expert to work with?
Tag: Financial Advisor
Why Should I Hire a Fee-Only Financial Advisor?
Fee-only financial planners are registered investment advisors with a fiduciary responsibility to act in their clients’ best interest – and the fee structure to support it.
SEC, CFP Board Accused of Blurring Lines Between Advisors and Brokers as Board Reacts
The SEC and the CFP Board were criticized yesterday for adopting code of conduct rules that blur the longstanding line between fee-only registered investment advice and brokerage services by implying that conflicts of interest are acceptable.
The Truth About Financial Advisors’ Services and Fees
So, you have decided you want to leave the DIY behind and get some help with your money. That is, until you start searching and find that you need a degree in finance just to understand the different types of services and fees. Save yourself some time with this guide to the most common types of advisors, how they are paid and the duty they owe to you as their client.
What is a Fiduciary Financial Advisor?
A fiduciary is defined by the legal and ethical requirement to put your best interest before their own.
The Types of Fiduciary Financial Advisors
Here we talk about the requirements to call yourself a fiduciary and the different types of fiduciary financial advisors, including: Fee-only fiduciaries. Certified financial planner fiduciaries. Registered investment advisor fiduciaries. Retirement advisor fiduciaries. Voluntary fiduciaries.
Fee-based vs. fee-only financial planners
Although “fee-based” and “fee-only” financial planners sound similar, they both have different fee structures and different obligations to investors. Here’s what you need to know about fee-based vs. fee-only financial planners.
INVEST IN YOU: READY. SET. GROW. Financial advisor, financial planner or robo-advisor? Here’s how to find the right help to manage your money
…….check for advisors who are regulated as fiduciaries because they are required by law to look out for their clients’ best interests.