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Viewing entries tagged with 'fee-only'
Why People Want Independent Financial Advisors
WHY PEOPLE WANT INDEPENDENT FINANCIAL ADVISORS
A new perception has taken hold: “independent” is better.
Times have changed – and so have financial advisors. Today, people don’t want financial advice from a salesman. Instead, they want a relationship with a financial professional who is candid, trustworthy and thoroughly educated, who provides personalized financial consulting for each client.
That search often leads them to a fee-only financial advisor or a Registered Investment Advisor.
A pleasant alternative to Wall Street. A paradigm shift is happening, and the traditional brokerage houses are lagging. While old-school “stock brokers” have gone the way of the wooly mammoth, you still have a sales-first mentality in place at big banks and Wall Street brokerages. If you’re employed by one of them, the mantra is simple: make a sale, earn a commission.
As they try to serve their clients, these “wirehouse” brokers regularly contend with sales quotas and the inherent potential for conflicts of interest. It wears on them: a 2010 survey revealed that only 15% were “very satisfied” at their firms, and another 20% wanted to leave within two years.(source)
To Build Wealth You Must Avoid These 3 Mistakes
To Build Wealth You Must Avoid These 3 Mistakes
Nearly half of the investors in a survey said they had never worked up a comprehensive financial plan with a professional - according to Opinion Research Corp, of Princeton, New Jersey which conducted the poll for MoneyTrack, a public television series. See if any of these 3 wealth building mistakes apply to you:
What to Look for in a Financial Advisor
WHAT TO LOOK FOR IN A FINANCIAL ADVISOR
A framework for finding someone you can trust.
Why Financial Planning Matters in the Toughest of Times
Why Financial Planning Matters in the Toughest of Times
Why enlist the services of a financial planner when your holdings are down and you’re facing a host of financial problems? Because as dark as times may seem, you’re actually giving yourself a fresh start in building a stronger financial future.
Indeed, many people don’t make that choice. A recent Financial Planning Association/Ameriprise Financial survey showed that many people try to go it alone when it comes to a financial plan—and they suffer considerably worse performance in their investment and savings goals over time than those who do. The cost of a financial planner may not be prohibitive due to factors we’ll mention below and young people have a particular advantage on their side when using one — time.
Here are some things to know about financial planning process.
