Eight 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.

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.

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.

Financial Media Group Sells SEC Required Compliance Emails To Spammers
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One of the problems with government reporting regulations is that personal information is made widely available for abuse.

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.

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.

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

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.

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.

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.”

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.

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.

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.

Schwab Intelligent Portfolios: Incomplete Rebalancing Algorithm
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See our review of the two pros and nine cons of how Schwab monitors and rebalances portfolios.

Schwab Intelligent Portfolios: Built on a Faulty Premise
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It is a great marketing campaign, and the service is a wonderful idea, but the asset allocations of SIPs aren’t actually that intelligent.

Vanguard Sends A Letter To Directors, Will A Stick Follow?
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A board of directors is supposed to be accountable to the shareholders but sometimes they need a reminder.

Dr. Seuss to Zombie Directors – Will You Please Go Now!
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In theory, the directors of a corporation are hired to provide independent oversight and protect shareholder interests. In practice, they’ve developed a reputation as country club chums with the executive managers.

Fiduciary Fight Part 3: Distinguish Between Brokers And Advisors
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I love that Bob Veres thinks that labeling someone as a broker or advisor would help bring clarity. It shows his optimism.

Jorge Posada And Jose Contreras Failed To Safeguard Their Finances
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Their attorney, New York-based Barry Lax, says the two ballplayers are the latest professional athletes abused by predatory financial advisors.

Fiduciary Fight Part 1: The Fight Over The Fiduciary Label
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The fight is on! Everyone wants to be known as a fiduciary, but not everyone deserves the title.

Ten Red Flags Of Emails Trying To Steal Your Identity
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Eternal vigilance is the price of liberty.

Planning Clients Often Don’t Get What They Pay For
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While I agree with the study, I don’t know that I agree with the prescribed solutions suggested.

Failed Experiment at the SEC
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Those who don’t understand or experience regulatory capture wrongly believe in a team of angels at these federal agencies tirelessly working for the common good.

How Can I Tell Who Is Associated With A Broker-Dealer?
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If your advisor is on one of these lists you should be aware of how they are paid.

FINRA Supports Regulation to Quell Competition
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Beware of government regulation, especially when a portion of the industry thinks it’ll be good for business.

Study on Investment Advisers and Broker-Dealers
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These are the wolves of Wall Street pretending to be the helpful sheep of investment advisors.

Advisers Worry About Potential Costs Of Third-Party Exams
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“Estimates range from $5,000 to $20,000; sharp opposition to Finra getting involved.”

Investment Advisors vs. Brokers
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Low risk firms should be visited less frequently by the SEC.

“Corporate Records Service” Is A Scam
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Many government mailings look like spam. And much spam tries to look like a government mailing.

Hedge Fund Advice In One Word: Don’t
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The documents where you can review 20 key issues looking for 10 red flags, or…

Anatomy of a Scam
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There is no such thing as a sure thing, and if something sounds too good to be true, it is

Five Red Flags You Picked The Wrong Financial Advisor
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Five red flags any one of which should make you stop and reconsider.

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