eMoney Advisor

DECEMBER 20, 2022

When it comes to CFP® professionals and cryptocurrency, the CFP Board’s Code of Ethics and Standards of Conduct dictates that CFPs® should treat crypto-related assets the same as any other form of financial asset. Crypto in the News. Much of this is due to their extreme volatility and challenges with regulation.

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CFP Fiduciary Duty Financial Advice Financial Advisor 62

Park Place Financial

SEPTEMBER 8, 2022

Typically, these advisors are skilled in multiple areas, such as general wealth management or estate planning. Wealth Manager . These professionals work with wealthy people, helping them manage their assets and offering related financial assistance.

Financial Advisor 52

Financial Advisor Fiduciary Duty Certified Financial Planner Financial Planner 52

Good Financial Cents

JUNE 11, 2023

You see, financial advisors that focus primarily on wealth management can be costly to keep around. They charge either a percentage of assets managed or a flat hourly rate that can run as high as several hundred dollars per hour, plus trading commissions and administrative fees. And, that’s it.

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Management Investing Investments Accounting 80

WiserAdvisor

AUGUST 8, 2022

Ultra and very high-net-worth individuals may also have assets valued at more than $5 million and $30 million. Moreover, these high-net-worth values are not calculated on physical assets but on liquid ones, which may be relatively more volatile to manage. It is evident that high-net-worth individuals need a good wealth manager.

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Wealth Management Financial Planning Financial Advisor Taxes 52

Truemind Capital

SEPTEMBER 10, 2019

Quality investment management is much more than selecting schemes from star-rating websites or buying a stock based on little insights. Given these requirements, hiring an investment manager can make a significant difference in your financial wellbeing and peace of mind. Unchecked conflict of interest can ruin your investment returns.

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Investing Investments Asset Allocation Fiduciary Duty 52

Park Place Financial

NOVEMBER 29, 2022

Internal Revenue Service (IRS) provides actuarial tables , which dictate the assets that estate tax rules value and are defined by interest rates. With a grantor retained annuity trust (GRAT), you move assets into a trust but preserve an annuity repayment of a large percentage of the principal plus interest.

Estate Planning 52

Estate Planning Economics Planning Financial Planner 52

Park Place Financial

JANUARY 9, 2023

Discover some components to bear in mind with your wealth management goals as we enter 2023. Roth conversions are particularly beneficial for those who think their current tax liability is lower than it will be when they distribute assets in retirement. Retirement Savings Accounts . Health Savings Accounts .

Financial Planning 52

Financial Planning Taxes Planning Certified Financial Planner 52

Sara Grillo

AUGUST 14, 2023

Legal definition of the fiduciary standard To quote directly from a paper by Attorney Lorna Schnase , two bodies of law form the legal basis for the fiduciary standard: Common law: Under common law principles of agency, an investment adviser, as agent, owes fiduciary duties to its client, as principal.3

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Sara Grillo

NOVEMBER 14, 2022

Do advisors breach fiduciary duty when they fail to recommend annuities? Should those with only insurance licenses that allow them to sell annuities and/or life insurance be held to the same “fiduciary standard” as Registered Investment Advisers (RIAs) with the SEC or state regulators?

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Insurance Retirement Financial Advisor License 59