What is a Fiduciary Financial Advisor?
A fiduciary is defined by the legal and ethical requirement to put your best interest before their own.
Articles, Insights & More
Happy Thanksgiving from FirsTrust
The entire FinancialTeam at FirsTrust wishes you a very Happy Thanksgiving.
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.
Colby Donovan & Chris Cannon, CFA – Tamar Frankel: State of the Union with the Godmother of Fiduciary
CFA Society of Orlando: Investors First Podcast 40: Tamar Frankel: State of the Union with the Godmother of Fiduciary hosted by Colby Donovan and Chris Cannon, CFA
Can I Deduct My IRA on My Tax Return?
Is a contribution to an individual retirement account (IRA) tax-deductible? For many of us, the short answer is: You bet! That’s what IRAs are for. However, there are rules and limits.