Fiduciary

Five red flags any one of which should make you stop and reconsider.

You’re looking for an enduring relationship based on mutual respect and trust, so plan on investing at least as much effort as you’d put into choosing an automobile, especially a used one.

AIF® and AIFA® designees share their knowledge and experiences in a way that helps fiduciaries better understand and perform their role.

Those who use the term “financial advisor” on their business cards can be split into two groups: fiduciary advisors and nonfiduciary advisors.

Inverview with George Marotta on NAPFA and being a fee-only fiduciary

There is great disagreement in the financial services world if an advisor who has continuous and comprehensive management of a client’s assets should be allowed to also benefit from transactions that they recommend.

“Average American investors start to worry that FINRA will damage their relationship with independent financial advisors.”

Unfortunately few consumers understand what a fiduciary standard means to them.

Most consumers do not know how to safeguard their money. Here is a real world example of why breaking any of the eight safeguard puts your money at peril. Make sure that your investments are properly safeguarded.

“You’ll want to interview several potential candidates, and make sure you find the right person for the job. Use these questions to hire the right financial advisor.”

Study in Boston area, with undercover actors posing as clients, showed commission-based advisors putting their own interests first

“Variable annuities are garbage. They have huge expenses; big fees if you try to bag out before a certain point; and massive tax problems compared to other ways you can invest. But that’s what you’ll probably be steered to by a commissioned insurance salesperson.”

“Today, if you make enough money for [Goldman Sachs] (and are not currently an ax murderer) you will be promoted into a position of influence.”

Unnecessary regulation annoys the good guys, and doesn’t stop the bad guys.

Working with a fee-only planner can help you make better financial decisions and balance current needs with future goals. The result can be financial peace of mind.

Clark Howard recently advocated using a fee-only advisor generally and the National Association of Personal Financial Advisors (NAPFA) in particular.

“If you want advice that’s free of such conflicts, you’ll need to look for a true fee-only (not fee-based) financial planner.”

A conversation between a wirehouse advisor and a senior citizen who seeks trust