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Weekend Reading For Financial Planners (March 15–16)

Nerd's Eye View

Which, if implemented under the new administration, could provide relief for investment advisers, particularly smaller firms that already have to balance compliance with client service, marketing, and the other duties that go into running a firm.

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Annuities: The Wonder Drug for Your Retirement?

The Chicago Financial Planner

I’ll let the Securities and Exchange Commission (SEC) explain this in a quote from their website : “An annuity is a contract between you and an insurance company that is designed to meet retirement and other long-range goals, under which you make a lump-sum payment or series of payments. After all, what’s not to like about guaranteed income?

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Transcript: Jim O’Shaughnessy on Infinite Wisdom

The Big Picture

And, and I kind of raised my hand and said, dad, uncle John, don’t you think it might be a better idea to look at it by the numbers? Jim O’Shaughnessy : So I think the most surprising thing was a number of people at various firms that I was investigating working for before starting my own. The numbers are pretty bad.

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How to sniff out a lying grifter in a Form ADV

Sara Grillo

A Form ADV, according to definition by the SEC , is a legal document that anyone who is holding him or herself out as a professional financial advisor in the United States must file with the SEC, whether they are state or Federally registered. You should check the advisor’s CRD number and see if it matches what they sent you.

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The Ultimate Guide to Tax-Loss Harvesting

Harness Wealth

As effective as tax-loss harvesting can be, there are a number of important details that investors need to be aware of in order to implement the strategy successfully while following regulations. The IRS doesnt provide a precise definition for “substantially identical” securities.

Taxes 52
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Empower (formerly Personal Capital) Review – Managing All Your Investments in One Place

Good Financial Cents

Mint does a fantastic job of giving you numbers, but falls short on providing any financial insight. 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. There are no additional fees.

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Are No-Fee Custodians Really Free?

Walkner Condon Financial Advisors

In recent years, many of these custodians have gone away from transaction costs for trading securities per trade and have adopted a “Zero-Commission” or “No-Fee” model. Many custodians do not charge commissions or account level fees and brand this service as a “No-Fee” account. Expense Ratios, Servicing Fees & More.