SEC Isn’t Enforcing The Law
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In 2007 the Financial Planning Association won a lawsuit that it filed against the SEC to force them to enforce the registration provisions of the 1940 Investment Advisors Act. The law still isn’t enforced.

What Does It Mean To Be An Accredited Investor?
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“One principal purpose of the accredited investor concept is to identify persons who can bear the economic risk of investing in these unregistered securities.”

SEC Action Forces Ameriprise To Return $1.8 Million In Excessive Fees
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Unfortunately, no amount of rules-based compliance can force a company to follow the principles-based fiduciary standard.

Clean Shares Still Laden with Conflicts Of Interest
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Recommending clean shares does not free the industry from conflicts of interest.

8 Broker-Dealers You Should Avoid
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Here is the list of broker-dealers who said the CFP should not expect those with the CFP® mark to not mislead consumer.

Odds Are Your Financial Advisor Is Actually a Salesperson
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SEC-mandated titling will not be enough to save unsuspecting consumers from non-fiduciary financial professionals.

New CFP Board Ethics Standards Suggest “Fee Based” Is Misleading
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It will be a welcome change when the CFP Board can force CFP® mark holders to remove misleading content from their websites.

How to Comply With the SEC’s Strange New Custody Rule
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Compliance is never simple. Thousands of hours have been spent because the SEC refused to clarify what they expect.

Bringing Value with Client Billing
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One obscure way we earn our fee is in how we bill you.

How To Find A NAPFA-Registered Advisor In Your Area
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If you want to find a NAPFA-Registered Financial Advisor in your area, here is a simple form you can use to search.

Spam Solicitation from Albemarle Insurance Agency
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Albemarle Insurance Agency’s hiring solicitation shows the difference between insurance salesmen and fee-only fiduciary advisors.

SEC Advertises Investor.gov to Protect Against Fraud
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Don’t let someone else live the life you’re saving for, but also don’t rely on Investor.Gov to protect your money.

Employers Who Offer A Retirement Plan Have A Fiduciary Responsibility
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Every business owner or director of a non-profit should realize that if they don’t take their fiduciary responsibility seriously they are legally liable for their neglect and inaction.

TD Ameritrade Eliminated Low Cost Commission Free Exchange Traded Funds
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TD Ameritrade has received a large number of complaints. But apparently not enough to change their decision. If you have a TD Ameritrade account perhaps your call will help them change their minds.

Talking Politics With Clients
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InvestmentNews advocates lying to clients, but I think if your advisor doesn’t have integrity, you can stop there and find a new advisor.

Investing Mistake: Paying Too Much In Investment Vehicle Fees
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There can be great value in the sage advice of a fee-only fiduciary advisor. Even if they brought no value for their investment management, they could still bring great value for their help in comprehensive wealth management. While a competent … Read More

Morgan Stanley Is A Terrible Choice
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I normally try to refrain from “bashing the competition,” but in this case, the competition’s practices are, at least to me, a moral issue.

An Overview of Robo-Investing
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A few years ago, there was a great rise of so-called robo-advisers, computer programming that enabled setting a simple asset allocation on the security level and then automatic rebalancing to those targets for each security.

Not All Financial Advising Firms Rebalance Client Portfolios
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You would think that rebalancing a client’s portfolio would be standard in the industry. Unfortunately, it is not.

Q&A: Can you be my executor?
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Sadly, we have to say no. Even though we won’t be your executor, we are still here to help your executor, trustee, and loved ones through the estate maintenance and settlement process.

Five Things You Can Control: Investment Costs
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We do not believe that investing should be expensive.

T-Share Class Mutual Funds Are Not “Fiduciary-Friendly”
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Less gouging doesn’t make T-shares meet the high principles-based fiduciary standard.

Commission-Based Firms Admit They Don’t Provide Advice
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Commission-based firms want either to be exempt from the Fiduciary standard or else given the title anyway.

Your Advisor’s Sports Car Personality Is Hurting Your Returns
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What does the car your advisor drives tell you about their investment and budgeting services?

One Example Of What Is Wrong With Commission Based Investment Advice
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There is a large difference between the motives and incentives of the sales person and those of the service person.

How Does Compliance Differ Between Smaller Firms and Large Brokers?
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It is relatively easy for an adviser who has a 400 lawyer compliance department to sit through some compliance continuing education and yet never understand what attitudes and behaviors need to be changed.

Are You Paying For Your Fund’s Advertising?
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If you own some mutual funds, chances are you are paying a hefty marketing price.

Finding Someone You Can Trust
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Those who believe that more regulation is the answer don’t understand how human nature works.

How to Monitor Your Financial Advisor
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When seeking a financial advisor, you should find out if they are willing to sign a fiduciary oath putting your interests above those of their employer.

Billing Client Accounts to the Client’s Greatest Benefit
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Investment managers can bring clients greater savings by carefully considering how they bill different types of accounts.

Best Practices for Trusts, Foundations, and Endowments
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Even if a committee has contracted with “prudent experts,” the Committee never delegates its fiduciary responsibility.

Fulfilling Your Fiduciary Duty as a Trustee or Board Member
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Despite the fact that millions serve in a fiduciary role, many are wholly unaware of their legal responsibilities.

TD Ameritrade Trust Company President Gets “Fee-Only” Wrong
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It should be clear that “fee-only” means “fee-only,” not “fees and third-party manager revenue-sharing and trailing mutual fund fees.”

Bloomberg Article Gets Asset Allocation Exactly Wrong
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Apparently the idea behind asset allocation is more complex than they think.

Language Matters: Robo-Advisor vs. Robo-Investing
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David M Zolt writes in his article “Industry needs to rid itself of misleading labels” that “profound misrepresentation is just one of the many ways the financial services field misleads customers with language.” It is absolutely true. He explains: Language … Read More

Language Matters: Fee-Based vs. Fee-And-Commission Based
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The term “fee-based” was created specifically to confuse consumers.

Where to Find the Hidden Fees of Commission-Based Firms
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Very few consumers actually read the SEC filings for the firms they have engaged.

You Want An Advisor Who Keeps You From “The Big Mistake”
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Real financial advisors stand between you and the Big Mistake.

Department of Labor’s New Fiduciary Ruling
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Any legislation which can include FINRA’s commission-based advisors will dilute what it means to be a fiduciary.

Can’t All Advisors Make Trades On My Behalf?
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Only give someone who is required to honor your best interest the ability to trade in your account without talking to you.

Ameriprise Sued By Ameriprise Employees Over Excessive 401k Fees
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A fundamental fiduciary principle is to avoid self-dealing.

An Immediate Annuity Is Probably Never The Right Answer
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The Journal of Financial Planning featured a nice column by Harold Evensky entitled “These Innovative Research Papers Deserve Your Attention.”

5 Good Reasons to Hire a Financial Advisor and 2 Bad Ones
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The job of a financial advisor is to do what you would do if you had the time and expertise.

How To Protect Yourself From Investment Rip Offs
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Six ideas to make sure you aren’t falling victim to commission-based products and services.

Investment Stewardship Has Come a Long Way
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Advisors have helped to shift fund management toward stewardship, but many fund companies still have room for improvement.

Only 20% of Advisors Avoid Active Management Strategies
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The majority of advisors make the mistake of having significant or moderate use of actively managed funds.

Looking Beyond the Bottom Line
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The Principles for Responsible Investment is leveraging its network in noteworthy ways.

Three Insights About Bad 401(k) Plans From Recent Lawsuit
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“America’s leader in financial planning” is ill-serving its own employees.

Cost-Benefit Analysis for Financial Planning
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The cost of commission-based advisors are so hidden that you may be paying more than you realize.

Investors Greatly Undervalue Safeguarding Their Money
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Ten principles of safeguarding your money applied to the latest investment scandal.

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