Fidelity Ends ‘Point In Time’ Fiduciary Service
We find the practices of much of the financial services industry repulsive.
We find the practices of much of the financial services industry repulsive.
We believe that the basic principles of financial planning are the same no matter how many zeros you add.
On this day in 2013, Snowden revealed the U.S. government was actively pursuing the constant surveillance of everyone’s digital life.
If these had been the original intentions of the legislation, we should have known that Obamacare would not be worth it.
At best, it is a crutch holding you up. At worst, it is a ball and chain holding you down.
Another free pass for the agents of brokers-dealers to dissembling under the guise of “Regulation Best Interest.”
We were surprised by our survey of the registered firms in the Charlottesville area.
It might continue to boom. It might continue to bust.
The SEC released an embarrassingly poor 1,000 page document.
On April 10, 2018, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to discuss the question: What is worth using the government’s threat of violence?
“One principal purpose of the accredited investor concept is to identify persons who can bear the economic risk of investing in these unregistered securities.”
Recommending clean shares does not free the industry from conflicts of interest.
SEC-mandated titling will not be enough to save unsuspecting consumers from non-fiduciary financial professionals.
It will be a welcome change when the CFP Board can force CFP® mark holders to remove misleading content from their websites.
Fraud is the enemy of the free markets. It is theft through deception.
It is lazy of the IRS to put the burden of proving innocence on the taxpayer while punishing them as though they are guilty.
Compliance is never simple. Thousands of hours have been spent because the SEC refused to clarify what they expect.
One obscure way we earn our fee is in how we bill you.
If you want to find a NAPFA-Registered Financial Advisor in your area, here is a simple form you can use to search.
The same grit that drives entrepreneurs to success can drive their investments to failure.
My understanding is that being the custodian of your own IRA assets is illegal. Also, we believe that investing your IRA in gold is not a good idea even if you have a third party custodian.
Albemarle Insurance Agency’s hiring solicitation shows the difference between insurance salesmen and fee-only fiduciary advisors.
We’ve been waiting to see what our congressmen and women are going to decide for our 2018 tax law. As we’ve already entered the holiday season and can see the new year in sight, they are certainly cutting it close. … Read More
Don’t let someone else live the life you’re saving for, but also don’t rely on Investor.Gov to protect your money.
InvestmentNews advocates lying to clients, but I think if your advisor doesn’t have integrity, you can stop there and find a new advisor.
Bear markets are often a precipitous decline followed by a slower and steadier recovery. Volker’s Bear is rare in that a slow and steady decline was followed by a sharp precipitous recovery.
One of the problems with government reporting regulations is that personal information is made widely available for abuse.
Inherited RMD rules demonstrates the power and importance of beneficiary designations and why it is so important to set them.
Less gouging doesn’t make T-shares meet the high principles-based fiduciary standard.
The IRS has a rule that if you are doing a rollover for a 401(k), you have 60 days to complete that process. But what if you experience a tragedy and can’t finish on time?
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.
If you own some mutual funds, chances are you are paying a hefty marketing price.
Those who believe that more regulation is the answer don’t understand how human nature works.
It should be clear that “fee-only” means “fee-only,” not “fees and third-party manager revenue-sharing and trailing mutual fund fees.”
The future may be uncertain, but the markets are quite reliable in the long run.
There is an obscure tax rule that allows a one-time Traditional IRA-to-HSA conversion called a Qualified HSA Funding Distribution (QHFD).
Continually curating a list of low cost funds is valuable for long term investors.
Without the burden of federal, state, and local taxes, you could leave your job at 2:27pm every day and earn the same salary.
Any legislation which can include FINRA’s commission-based advisors will dilute what it means to be a fiduciary.
An HSA is one of many accounts used in comprehensive wealth management for tax optimization and planning.
Late last year, the IRS proposed asking charities to collect sensitive donor identity information for any charitable gift of more than $250.
Here are seven sage investing lessons from the J. Paul Getty era.
ObamaCare was always going to be a bad law and now, five years in, that should be clear to everybody.
Bush’s tax plan is in good company with Trump, Rubio, and Lee. It hits many common Republican talking points but doesn’t seem to take its own reasoning very seriously.
For a calm investor, a crash will just mean that the stocks you would have bought anyway are temporarily on sale.
Tax season under Trump’s plan would likely be just as complicated but slightly less painful.
Most tax professionals don’t think of such tax planning opportunities, because they have to focus on complying with tax accounting regulations.
You might think that you can’t qualify, but many well-paid families are eligible.
This is a complete list of the budgets and purposes of the federal agencies that begin with the letter A.
The Principles for Responsible Investment is leveraging its network in noteworthy ways.