Nerd's Eye View

FEBRUARY 9, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that a recent survey sponsored by CFP Board demonstrates the upsides of a career in financial planning, from a median salary of nearly $200,000 to flexible work schedules and a strong sense of purpose among advisors.

Financial Planner 246

Financial Planner Fee Only CFP Commission 246

Darrow Wealth Management

NOVEMBER 4, 2024

Most fiduciaries don’t sell products: Most fiduciary advisors are only paid by a percentage of assets they manage for clients. This AUM based fee structure is common among fee-only advisors who are almost always full-time fiduciaries. NAPFA advisors are all fee-only financial advisors.

Financial Advisor 61

Financial Advisor Certified Financial Planner Fiduciary Duty Fee Only 61

Yardley Wealth Management

MAY 30, 2023

The post What’s a Fiduciary & Fee-Only Advisor? What’s a Fiduciary & Fee-Only Advisor? A Guide for Financial Planning When it comes to managing your finances, it’s crucial to work with a professional who puts your interests first. What is a Fee-Only Advisor?

Fee Only 52

Fee Only Risk Tolerance Ethics Retirement Planning 52

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. To shed light on this, I want to articulate the distinctive approach we use at MainStreet Financial Planning.

Financial Advice 97

Financial Advice Planning Fee Only Financial Planning 97

Inside Information

JULY 25, 2024

And by the way, LPL recruited Summit Planning Group away from Lincoln Financial. I can tell you that when I was editor of Financial Planning magazine, I discovered that there is a whole public relations ecosystem churning out favorable press releases and miscellaneous announcements that they would position as ‘news.’

Fee Only 40

Fee Only Commission Recruitment Advertising 40

Walkner Condon Financial Advisors

APRIL 17, 2023

Fee-Only financial advisors and firms receive no sales-related compensation or incentives. They are compensated only by the fee the client pays. The amount of commission that a financial advisor receives can vary depending on the financial products they are selling and the company they are working for.

Fee Only 52

Fee Only Financial Advisor Certified Financial Planner Commission 52

eMoney Advisor

MAY 1, 2023

.” Only 4 percent of Certified Financial Planner™ professionals identify as Asian American or Pacific Islander (AAPI), though they make up 6.2 1,2 Despite the small numbers, AAPI professionals remain the largest ethnic minority within the financial planning profession. percent of the American population.

Financial Planning 101

Financial Planning Planning Financial Planner CFP 101

Ron A. Rhodes

DECEMBER 13, 2023

It is possible that all commission-based compensation involving the sale of investment products, life insurance products, and annuities could be eliminated. And it would be right and just to do…

Commission 59

Commission Insurance Sales Investments 59

Sara Grillo

OCTOBER 21, 2022

Fee-only advisor – This is an advisor that does not charge commissions and hence is believed to be more aligned with the client’s best interests. Fee-only advisors are bound to the fiduciary standard. He knew before graduating fee-only was the path for him, his conscience, and his personality.

Insurance 98

Insurance Financial Planner Fee Only Financial Advisor 98

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. Fee-based advisors are where it can get complicated. What does it mean to be a fiduciary?

Certified Financial Planner 52

Certified Financial Planner Financial Advisor Fee Only Financial Planner 52

Truemind Capital

AUGUST 9, 2024

The best way to solve this problem is by increasing the number of fee-only SEBI Registered Investment Advisors (RIAs) who by design think in the interest of clients. By regulation, RIAs can’t earn from commissions received from product companies.

Commission 64

Commission Fee Only Wealth Management Investment Advisor 64

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

WiserAdvisor

JULY 22, 2022

The advisor can also help you plan for the future more efficiently and take advantage of opportunities that arise due to changing market conditions. The advisors can be differentiated based on the fee structure they use to charge fees such as fee-only, commission-only, hourly-fee, monthly fee, etc.

Financial Advisor 105

Financial Advisor Portfolio Budgeting Commission 105

Your Richest Life

JULY 29, 2022

Money Plan – Follows a young girl’s outing to the store, and introduces the idea of budgeting and saving. . Players decide whether to go to college, pay taxes, choose a career and plan for retirement. Your teen will receive their own debit card with no account fees, account minimum or trading commissions.

Budgeting 116

Budgeting Accounting Education Fee Only 116

International College of Financial Planning

SEPTEMBER 3, 2021

To ensure that an advisor who will help you plan your finance, follow these steps. Do the research of the available advisors – the first step is to find a financial planner who will help you plan your finances. Their fees may vary depending on their level of qualification, specialization, and tenure in the industry.

Financial Planner 52

Financial Planner Financial Advisor Certified Financial Planner Commission 52

Sara Grillo

JANUARY 9, 2023

As the move to transparency in financial planning takes hold, regulations are changing in Colorado and other states. Here’s the triumph of virtue that financial planning transparency will (FINALLY) bring to planners across the country and the benefits to clients that come along with it. What should financial advisors do?

Financial Planning 52

Financial Planning Planning Financial Planner CFP 52

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

Inside Information

JUNE 28, 2023

This is really none of my business, but I can’t help saying that I hate the new policy at the National Association of Personal Financial Advisors regarding trail commissions. We will have to cheapen the hard, strong language that we’re accustomed to using when we recommend working with a fee-only planner.

Commission 40

Commission Fee Only Clients Financial Advisor 40

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. Accounting & Tax Planning Firms. Banks & NBFCs.

Financial Advisor 52

Financial Advisor Certified Financial Planner Certification Fee Only 52

Carson Wealth

AUGUST 28, 2022

Financial advisors provide financial planning or investment guidance to clients. Fees range based on the level of management, platform, firm and the types of assets held in client accounts. . IARs can also charge different types of fees. They may charge flat consulting or financial planning fees.

Financial Advisor 52

Financial Advisor Commission Insurance Financial Planning 52

Sara Grillo

MAY 10, 2024

One of my best clients who runs a business just hired another advisor to manage their 401k plan.” ” I’ve heard iterations of this: I’m a CPA and financial advisor, and my best tax return client just hired someone else to do their retirement planning. They also may refer their high-earning employees to you.

Clients 52

Clients License Retirement Planning Financial Advisor 52

WiserAdvisor

SEPTEMBER 13, 2022

However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. can come in the way of your plans and present challenges every now and then. One way to do this is by starting retirement planning early. The average retirement age in America is 63.

Retirement Planning 52

Retirement Planning Retirement Planning Budgeting 52

Harness Wealth

MAY 25, 2023

The right advisor can help manage your wealth, plan for retirement, navigate tax implications, and more. Here’s a deep dive into the average fees of financial advisors, in 2023. Fee-based : This structure is a blend of fees and commissions. Fixed Fee A flat fee charged for a specific service.

Financial Advisor 52

Financial Advisor Certified Financial Planner Ethics CFP 52

WiserAdvisor

SEPTEMBER 14, 2022

However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. can come in the way of your plans and present challenges every now and then. One way to do this is by starting retirement planning early. The average retirement age in America is 63.

Retirement Planning 52

Retirement Planning Retirement Planning Budgeting 52

WiserAdvisor

AUGUST 3, 2023

Planning for retirement and growing your wealth are critical to achieving your financial aspirations. 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.

Financial Advisor 52

Financial Advisor Retirement Planning Fee Only Retirement 52

Darrow Wealth Management

OCTOBER 29, 2024

Consider the following: The equity portion of the portfolio has grown at a much higher rate than the bonds , creating an investment mix that is more heavily weighted in stocks than planned. But depending on the investment options in the retirement plan, as the balance grows, it may be advantageous to customize your asset allocation.

Asset Allocation 72

Asset Allocation Accounting Risk Tolerance Portfolio 72

XY Planning Network

JULY 11, 2022

Direct indexing is consuming a lot more ink recently, and one of the primary reasons might be that the elimination of commissions on equities has made it dramatically less expensive to pursue. And, technology, too, might be a big driver. New software tools open the door for an advisory practice of any size to offer it.

Commission 66

Commission Accounting Investing Investments 66

Sara Grillo

OCTOBER 10, 2022

Providing financial plans vs. canned financial plans with a sales agenda. Fee-only vs. fee-based. But… Fee for service (and only fee for service) is a haven where the sales agenda mimicry cannot follow. But they do have questions like: How do I set up a defined benefit plan?

Financial Advisor 52

Financial Advisor Financial Advice Financial Planning Fee Only 52

Inside Information

FEBRUARY 27, 2023

You never hear anyone talk (or write) about this, but it’s really stunning how often the financial planning profession has been, and is, ahead of the curve in the evolution of our social environment. 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

Yardley Wealth Management

AUGUST 24, 2020

FINANCIAL PLANNING, INVESTMENTS. 03% for IXUS and they can be bought commission-free and the spreads on each average only $.01. Please contact us if you’d like to discuss your financial plan. We are a fiduciary, fee-only financial planning, and wealth management firm in Newtown, Pennsylvania (that’s in Bucks County).

Investing 40

Investing Investments Wealth Management Estate Planning 40

Inside Information

JANUARY 31, 2022

The obvious next priority to put on the regulatory watch list is sales commissions. I think it’s self-evident that any product that has to pay people to recommend it is probably not competitive on its own merits.

Commission 40

Commission Clients Sales Fee Only 40

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.’ Pandemonium!

Financial Planner 45

Financial Planner Financial Planning Ethics CFP 45

Inside Information

SEPTEMBER 28, 2021

I n case you missed it, the XY Planning Network—Michael Kitces and Alan Moore—have filed two petitions with the SEC, and they’re far more ambitious in what they’re asking for than anything I’ve seen from our trade or professional organizations. Of course, this was never finalized. Of course, this was never finalized.

Financial Planner 40

Financial Planner Financial Planning Commission Sales 40

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. Commissions are opaque. He has presented papers at conferences on topics such as investment fraud, risk management, and retirement planning.

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Sara Grillo

JULY 18, 2022

Instead, he got his first job at a fee only RIA firm instead which worked out brilliantly for him! These roles are usually part administrative, part financial planning. From here you can move into a more senior planning role. For those of you who are new to my blog/podcast, my name is Sara.

Financial Advisor 52

Financial Advisor Recruitment Insurance Financial Planning 52

WiserAdvisor

MAY 31, 2022

According to the Federal Trade Commission (FTC), in 2021, American consumers lost over $5.8 You can check the company’s financial statement on the Securities Exchange Commission (SEC) EDGAR filing platform. Additionally, each client receives comprehensive financial planning to ensure they are moving toward their financial goals.

Investments 52

Investments Investing License Accounting 52

Inside Information

OCTOBER 30, 2021

Institute members are planners and planning firms who pledge to adhere to ten practices listed on the organization’s website, who, after attesting, are put on a registry of true fiduciary advisors. ’ Rostad says that revising the language and intent of Reg BI is potentially a 20-30 year lobbying project.

CFP 40

CFP Commission Investing Investments 40