Why Should I Hire a Fee-Only Financial Advisor?
Fee-only financial planners are registered investment advisors with a fiduciary responsibility to act in their clients’ best interest – and the fee structure to support it.
Category: Resource Center
SEC, CFP Board Accused of Blurring Lines Between Advisors and Brokers as Board Reacts
The SEC and the CFP Board were criticized yesterday for adopting code of conduct rules that blur the longstanding line between fee-only registered investment advice and brokerage services by implying that conflicts of interest are acceptable.
The Truth About Financial Advisors’ Services and Fees
So, you have decided you want to leave the DIY behind and get some help with your money. That is, until you start searching and find that you need a degree in finance just to understand the different types of services and fees. Save yourself some time with this guide to the most common types of advisors, how they are paid and the duty they owe to you as their client.
What is a Fiduciary Financial Advisor?
A fiduciary is defined by the legal and ethical requirement to put your best interest before their own.
The Types of Fiduciary Financial Advisors
Here we talk about the requirements to call yourself a fiduciary and the different types of fiduciary financial advisors, including: Fee-only fiduciaries. Certified financial planner fiduciaries. Registered investment advisor fiduciaries. Retirement advisor fiduciaries. Voluntary fiduciaries.
What Does a Democratic-Controlled Congress Mean for Financial Planning? Here’s What to Expect
……..It also means heightened enforcement around conflicts of interest through the SEC’s Regulation Best Interest rule that went into effect last year to restrict unsavory practices by brokers and making sure they put clients’ interests ahead of their own when making recommendations. That is a good development for individual investors and will accelerate the trend toward fee-only or fee-based financial advice……..
What You Need to Know Before Lending Money to Family
……Carefully consider what you’re entering into and take the time to determine whether the arrangement makes sense from a relational perspective and in terms of wealth planning…….
Fee-based vs. fee-only financial planners
Although “fee-based” and “fee-only” financial planners sound similar, they both have different fee structures and different obligations to investors. Here’s what you need to know about fee-based vs. fee-only financial planners.