“Ultimately, you need to feel confident in the advisor’s competency, objectivity, and responsiveness to your needs,” says Van Sant. “The advisor-client relationship, like many relationships, is built on trust and communication, so doing the proper due diligence in choosing an advisor should provide long-term benefits and peace of mind for all parties.”
As the end-of-the-year celebrations are approaching, it is important to be mindful of cyber risks and increase measures to be secure. Here are some helpful tips to keep your data safe throughout the most wonderful time of the year.
……And while we’re on the topic of ethics: Fiduciaries are required by law to put your interests before their own. In addition to that, a subset of fiduciary firms are fee-only, which means they don’t sell any products or services beyond their relationship with you and act as a fiduciary in all parts of their business. The word fiduciary gets used incorrectly all the time, but a true fiduciary has very few conflicts of interest, with all decisions made in the client’s best interest. For me, these two criteria – being a CFP and a fiduciary – should be non-negotiable when choosing an adviser…………
Good news for employees: Even though 2020 and 2021 have been distinctly different from years past, full of economic strife due to the global pandemic, more employers are opting to give year-end bonuses. So if you're one of the fortunate workers who's receiving one, you can rest a little easier knowing there's more money going into your bank account.
….I recommend that you limit your search to fee-only financial advisors. They are more likely to put your financial interests ahead of their own since they don’t earn commissions from selling you products and services….
