Ron A. Rhodes

JANUARY 6, 2024

The insurance lobby is against the imposition of the fiduciary standard by the DOL, as it will lower the excessive commissions often paid on the sale of Fixed Index Annuities…

Insurance 67

Insurance Commission Sales Fee Only 67

MainStreet Financial Planning

FEBRUARY 1, 2024

During recent conversations, I’ve come across several people unfamiliar with the concept of fee-only financial planning, let alone considering it as a feasible choice. Importantly, we do not accept sales commissions or any compensation beyond what is directly agreed upon with our clients.

Financial Advice 97

Financial Advice Planning Fee Only Financial Planning 97

Walkner Condon Financial Advisors

APRIL 21, 2023

What does it mean to be a Fee-Only financial advisor ? Fee-Only financial advisors and firms receive no sales-related compensation or incentives. They are compensated only by the fee the client pays. This can include mutual funds, insurance policies, annuities, and other financial products.

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

WiserAdvisor

AUGUST 18, 2023

Below are the different types of financial advisors you can choose from based on their fee model: 1. Fee-only financial advisors Average cost: $200 to $400 an hour/ $1,000 to $3,000 per plan/ 1.18% to 0.59% of AUM Fee-only financial advisors are professionals who do not receive commissions from selling financial products.

Financial Advisor 52

Financial Advisor Commission Fee Only Financial Planning 52

Carson Wealth

AUGUST 28, 2022

Agents of an insurance company . Registered Representatives of a Broker/Dealer Firm or Agents of an Insurance Company . Financial advisors who are registered representatives of a broker/dealer or agents of an insurance company are paid differently. The commission is not paid directly by the consumer. Meet Ruben.

Financial Advisor 52

Financial Advisor Commission Insurance Financial Planning 52

International College of Financial Planning

AUGUST 2, 2021

The simplest definition of the role of a financial advisor would of that of a person who helps individuals, families, and organizations make decisions related to their investments, taxes, insurance planning, retirement planning, estate planning, and money management. Insurance Companies. Banks & NBFCs. Brokerage Firms.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Fee Only 52

International College of Financial Planning

SEPTEMBER 3, 2021

They may charge for their services either on a commission basis or hourly rates. However, our advice is to trust financial planners who either take a flat annual fee or charge per hour for managing your portfolio instead of charging a commission on every stock they buy or sell. Go for Fee-Only Financial Advisors.

Financial Planner 52

Financial Planner Financial Advisor Certified Financial Planner Commission 52

Harness Wealth

MAY 25, 2023

The primary fee structures are: Fee-only : Advisors only receive payment from their clients for the services they provide, not receiving any commissions or other incentives from product providers. Fee-based : This structure is a blend of fees and commissions. Financial Advisor FAQs 1.

Financial Advisor 52

Financial Advisor Certified Financial Planner Ethics CFP 52

WiserAdvisor

AUGUST 3, 2023

A reputable financial advisor should provide a comprehensive range of services, including budgeting, debt management, insurance optimization, tax planning, retirement planning, estate planning, and investment management. Here’s how different types of fee models work in comparison to the 1 percent fee structure: 1.

Financial Advisor 52

Financial Advisor Retirement Planning Fee Only Retirement 52

Sara Grillo

JULY 10, 2023

He asked for help and found a support community Right now Thomas is a fee-only fiduciary financial advisor. But when he started out, he was working for a broker-dealer firm that charged commissions. He stumbled across a man named Russ Ford who was a fee-only flat fee advisor, and he liked the message.

Financial Advisor 72

Financial Advisor Media Communication Fee Only 72

Sara Grillo

AUGUST 14, 2023

If their sole method of compensation is a product, and/or they are taking commissions, then in reality it is less likely they are embracing all the values that the standard requires. The broker-dealer and insurance industries are still built around being opaque. Commissions are opaque. Insurance is opaque.

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Inside Information

JANUARY 31, 2022

The obvious next priority to put on the regulatory watch list is sales commissions. NASAA did not survey insurance agents, who are exclusively compensated via commissions, but I would bet my hat that virtually none of them ever recommend ETFs or index funds as a better investment alternative to whole or variable life insurance.

Commission 40

Commission Clients Sales Fee Only 40

Inside Information

FEBRUARY 27, 2023

The leading tip of the spear was the first fee-only financial planners, who publicly and even defiantly sat on the same side of the table with their clients. The whole idea of turning financial customers into clients was invented in the fee-only financial planning world.

Financial Planner 40

Financial Planner Fee Only Financial Planning Insurance 40

Sara Grillo

JULY 18, 2022

I’ve come to rescue you from the terrible financial advisor jobs pitched at you by recruiters at wirehouse, bank, and insurance company “training programs.” His smart career decisions after university allowed him to avoid the being tortured and exploited in a wirehouse, bank, and insurance company financial advisor program.

Financial Advisor 52

Financial Advisor Recruitment Insurance Financial Planning 52

Sara Grillo

OCTOBER 10, 2022

Fee-only vs. fee-based. But… Fee for service (and only fee for service) is a haven where the sales agenda mimicry cannot follow. Are my insurances working together or am I overpaying? And so what does that mean for the fees that financial advisors will charge? .” What about my mortgage?

Financial Advisor 52

Financial Advisor Financial Advice Financial Planning Fee Only 52

Inside Information

JULY 31, 2022

If you’re as old as Methuselah, like I am, you might remember a pivotal moment in the evolution of the planning profession, when Forbes magazine noticed that brokers, life insurance and tax shelter salespeople were starting to call themselves ‘financial planners.’ Mahoney says that advisors across the board are fed up with the status quo. “I

Financial Planner 45

Financial Planner Financial Planning Ethics CFP 45

Inside Information

MAY 30, 2023

In the more comprehensive surveys, you will see the percentage or dollar revenues collected by each BD on annuity, life insurance and other product sales, vs. fees (defined by asset management fees, shared between the reps and the broker-dealer). A national advisory firm presumably wouldn’t have those restrictions.

Communication 40

Communication Sales Insurance Compliance 40

Sara Grillo

JANUARY 9, 2023

Specific examples: Educating financial advisors of all business models (AUM, fee only, commission, etc.) Executing outreach to college students to encourage them to avoid predatory wirehouse and insurance training programs and pursue fee-only paraplanning jobs instead.

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

Inside Information

SEPTEMBER 28, 2021

Then came Reg BI, in 2019, where the Commission decided that adopting a separate rule restricting these terms was ‘unnecessary.’. 202(a)(11)(c) of the Advisers Act,” the petition says, “the Commission can increase investor protection by (re-)asserting a distinction between product sales and stand-alone investment advice.”.

Financial Planner 40

Financial Planner Financial Planning Commission Sales 40

WiserAdvisor

SEPTEMBER 13, 2022

Likewise, you may not be financially responsible for your spouse or children, so you can save up money on groceries, fuel, insurance premiums, education expenses, etc. Financial advisors can be hired on fee-only or commission-based models. You may not need a big apartment in your 20s and can save on rent.

Retirement Planning 52

Retirement Planning Retirement Planning Budgeting 52

WiserAdvisor

SEPTEMBER 14, 2022

Likewise, you may not be financially responsible for your spouse or children, so you can save up money on groceries, fuel, insurance premiums, education expenses, etc. Financial advisors can be hired on fee-only or commission-based models. You may not need a big apartment in your 20s and can save on rent.

Retirement Planning 52

Retirement Planning Retirement Planning Budgeting 52

Inside Information

OCTOBER 30, 2021

Rostad is currently focused on what he sees as our best chance for meaningful reform: getting the Commission to revise the Form CRS disclosure so that it provides a clearer explanation of the different business models of broker-dealers/wirehouses, on the one hand, and fiduciary RIAs registered with the SEC on the other. “We

CFP 40

CFP Commission Investments Investing 40

Sara Grillo

APRIL 11, 2022

” As an hourly financial advisor he doesn’t make commissions for recommending products such as private REITs, structured products, etc. I was managing their money in. SARA GRILLO, CFA: The attire you hybrid or A and M. That’s how you get paid. RICK FERRI, CFA: The model you use.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

Sara Grillo

MAY 8, 2023

Indexed Universal Life (IUL) insurance is all too commonly sold by smoke-and-mirrors. Today I have one of the insurance “good guys”, one of the more knowledgeable people in the field, Bobby Samuelson , to shed some light on IUL. Okay…but what is Indexed Universal Life insurance? The policyholder pays a premium.

Insurance 59

Insurance Clients Financial Advisor Accounting 59

Sara Grillo

NOVEMBER 14, 2022

In today’s show we’re going to be debating a variety of topics related to the retirement crisis in America, the role that financial advisors and insurance agents play, and how to harmonize the two together (if even possible, lol). He is a flat fee advisor; not a licensed insurance agent. Are commissions bad?

Insurance 59

Insurance Retirement Financial Advisor License 59

Sara Grillo

SEPTEMBER 26, 2022

The CFP Board allows insurance agents to use the mark and call themselves financial planners, but operate outside the regulatory reach of the SEC, and that’s a problem. The confusion is with the CFP. That’s where the confusion is coming from.

CFP 59

CFP Financial Advisor Financial Planner Ethics 59